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Cato Daily Podcast
What about the Feds’ Junk Fees?
Jul 15, 2024
Policy expert Nick Anthony from Cato Institute discusses the problematic 'junk fees' imposed by the federal government. The podcast explores examples of government late fees, challenges individuals face with incorrect fees, and the need for oversight of government fees similar to the CFPB.
08:32
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Quick takeaways
- Government imposes hidden junk fees with no clear purpose.
- Officials avoid addressing fee transparency and lack of fairness in government fees.
Deep dives
Government Hypocrisy in Charging Late Fees
The podcast delves into the concept of 'junk fees' and highlights the hypocrisy in government late fee charges. While condemning private sector late fees, the government imposes numerous fees with no clear purpose, drawing attention to the inconsistency in their stance. Specific examples such as Lincoln Parks and Recreation's charge of $5 per child for every 15 minutes of lateness underscore the prevalence of such fees across various government levels.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode