President biden spoke with reporters i have a meeting with the competition counsel, as part of his initiative to crack down on junk fees. Lloyd austin also talked about his department and how he promotes competition. This iabout 20 minutes. ■h■ distinguished guests, the president of the United States accompanied by roden chopra. Good afternoon. Whether it is a bill, internet mail, grocery bill, or anything else in a monthly budget, President Biden has been focused on promoting competition, lowering costs, and stopping profiteering. Banking industry. We are closing a loophole abused by the credit card industry for years to harst billions of dollars in junk fees. Reducing the typical late fee from 32 down to 8 saving americans an estimated 10 billion each year this is in addition to so many other action the president is announcing today to crackdown on junk and help csumers save real money. Over the last decade credit card giants have been hiking late fees every year a lockstep. Even
[background noises] the president of the United States accompanied by director of Consumer Financial bureau. Gf ood afternoon. Whether it is a credit card bill, internet bill, grocery bill, or anything else in a monthly budget, President Biden at lowering costs and stopping profiteering. Today we are taking action to stop excessive fees in the tvbanking industry. We are closing a loophole abused by the credit card industry for years to harvest■z■yn junk fees. Reducing the typical late fee from 32 down to 8 s estimated 10 billion each year this is in addition to so many other action the pridnnouncing today to crackdown on junk and help consumers save real money. Last decade credit card giants have been hiking late fees every year almost in■ lockstep. Even as technology has brought many of their costs down they have raised interest rates, squeezing American Families out ofn extra 25 billion in interest charges last year alone. Thats why we are working across government to get you a
[background noises] the president of the United States accompanied by director of Consumer Financial bureau. Good afternoon. Whether it is a credit card bill, internet bill, grocery bill anything■ else in a monthly budget, President Biden has been focused on promoting competition. At lowering costs and stopping profiteering. Today we are taking action to stop excessive fees in the banking industry. We are closing a loophole abused by the credit card industry for yeso harvest billions of dollars in junk fees. Reducing the typical late fee from 32 down to 8 saving americans an estimated 10 billion each year this is in the president is announcing today to crackdown on junk and help consumers save realdv mone. Over the last decade credit card giants have been hiking late fees every year almos lockstep. Even as technology has brought many of their costs down they have raised interest rates, squeezing American Families out of an extra 25 billion in interest charges last year alone. Thats w
Good afternoon and thank you for joining us. Im andre senior and im claudine wong. Happening now nurses in Santa Clara County are officially on strike. They say hospitals in the county are asking them to do too much and not offering enough. Ktvu james torres explains how the two sides got to this point. Nearly 4000 nurses finished their shift early this morning and immediately took to the picket lines. Its all about ensuring Patient Safety and nurse safety. Strikes happening at a total of three area hospitals run by the professional registered nurses association. They say theyve not had a contract with Santa Clara County in months. Theyre demanding improvements in staffing, keeping nurses to just one hospital and improved security to prevent workplace violence. I was punched in the face by a patient simply because they were hungry and were upset that they couldnt eat anything, but it was doctors order because they were going to go in for surgery. And as a normal practice, youre not all
Their loved one went on a cruise vacation, but ended up stranded on an island off the coast of africa. I cried, i couldnt believe, oh, my mom and my poor mom. What the 80 year olds family says the cruise line did not do, and what that business told us when we asked for comment. Plus a heated debate unfolding between two bay area airports. Why Oakland International airport is considering changing its name and why sfo is not on board with that proposed change. Live from jack london square. This is morning time two. The nine. Our todays tuesday, april 2nd. As you look live at the oakland skyline this morning. The sun is out in this area. But other areas are dealing with fog right now. And were going to check in with Steve Paulson in just a moment. Hes going to break down your forecast to see if were going to get a repeat of yesterday on this tuesday. All right. Nearly 2 in 3 children and teens nationwide worry about how staying home sick from school will affect their grades, Extracurricul