Last week, the U.S. White House announced draft measure guidelines

 

Last week, the U.S. White House announced draft measure guidelines to address rental junk fees and price-fixing in food and agricultural markets.  President Biden announced the measures at the fifth meeting of his 18-agency Competition Council.  The White House said the misguided economic philosophy spanning over the last 40 years has increased concentration in three-fourths of U.S. industries, costing an average household $5,000 annually in the form of elevated prices and reduced wages.  Rental housing platforms, Zillow, Apartments.com, and AffordableHousing.com, have agreed to reveal rental expenses like application fees, convenience fees, and waste disposal.  A senior official commented that the measures would not directly reduce fees but would enhance visibility for renters and help compare rates.  The effort to control junk fees has received bipartisan and public support. However, industry experts accused the administration of regulatory overreach.