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Wednesday, April 17, 2024

A brand new proposal may ban landlords from charging for cable and web in bulk

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The Federal Communications Fee is contemplating a proposal to bar landlords from charging tenants in bulk for cable, web, and satellite tv for pc providers, providing them extra alternative within the sorts of providers they want.

The company is circulating a proposed rule to ban the observe of “bulk billing,” the White Home introduced in a press launch forward of President Joe Biden’s assembly together with his Competitors Council on Tuesday. It’s a part of a broader effort to advertise insurance policies that can decrease prices for People, as Biden is attempting to attraction to voters targeted on the economic system as he seeks reelection later this 12 months. That theme of decreasing prices will resurface in Biden’s State of the Union handle on Thursday, Nationwide Financial Advisor Lael Brainard informed reporters on a name Monday.

Bulk billing restricts customers’ selections by limiting the costs and ranges of cable and web service out there to them, the White Home stated within the press launch. The brand new proposal may also goal different “unique preparations” between landlords and repair suppliers like unique wiring and advertising and marketing preparations or income sharing agreements, the White Home stated.

The Biden administration can be selling the progress of its earlier actions to crack down on junk charges, the extra sudden expenses tacked on by corporations together with banks, automobile rental businesses, and occasion ticket sellers. A number of completely different businesses have been working on proposals to crack down on junk fees, together with the Federal Commerce Fee, which proposed a rule final fall to require companies to present the full price of services upfront, fairly than concealing added charges. The Shopper Monetary Safety Bureau additionally introduced on Tuesday that it finalized a rule to decrease bank card late charges from a mean of $31 to $8. The Council of Financial Advisers, an inside White Home company, discovered that these actions will collectively scale back junk charges by greater than $20 billion a 12 months going ahead — down from what it estimates as $90 billion a 12 months.

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