Press Releases
Biden-Harris Admin Call Out Cash-Back Junk Fees
WASHINGTON, DC — As part of the Biden-Harris administration’s ongoing effort to crack down on junk fees, the Consumer Financial Protection Bureau (CFPB) released a new report today showing that Dollar General, Dollar Tree/Family Dollar, and Kroger have charged Americans over $90 million in junk fees annually “just to access their own money when getting ‘cash back’” in store.
People shouldn’t have to pay extra fees just to access their own cash, but sadly exploitative fees have become an industry norm, with retailers like Kroger, Dollar General, and Dollar Tree taking every opportunity to nickel and dime their customers. How can we trust a grocery giant like Kroger to take on even more market power by merging with Albertsons, when they’ve proven they’ll take advantage of their customers to bolster their profits.”
Accountable.US Executive Director Tony Carrk
Yesterday, the Federal Trade Commission (FTC) gave opening arguments in its lawsuit to block Kroger’s potential merger with Albertsons. Government watchdog Accountable.US previously praised the lawsuit as a major step towards cracking down on big food industry price-gouging.
The merger has drawn bipartisan ire, with lawmakers and advocates warning that the deal could “result in the loss of $334 million in wages,” lead to further consolidation of the food retail market and “fewer grocery stores and higher prices.”
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