Why the U.S. has so many junk fees

Americans are collectively spending nearly $65 billion a year on sneaky fees, according to the White House. “It really seems like companies have become addicted to junk fees,” Lina Khan, chair of the Federal Trade Commission, told CNBC. Junk fees are indeed adding billions to companies’ revenue. Watch the video above to learn more about where junk fees hide, proposals for change, where policy may fall short and whether increased oversight may be enough to squash junk fees once and for all.