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Biden to launch joint FTC-DOJ task force to crack down on ‘unfair and illegal pricing'.
CNBC ^ | 3/5/2024 | Rebecca Picciotto

Posted on 03/05/2024 5:17:20 AM PST by MrRelevant

“We’re excited to be co-chairing the president’s new Strike Force on Unfair and Illegal Pricing, which builds on the FTC’s far-reaching work to promote competition and tackle unlawful business practices that are inflating costs for Americans,” FTC Chair Lina Khan told reporters on a call Monday.

(Excerpt) Read more at cnbc.com ...


TOPICS: Chit/Chat
KEYWORDS: classwarfare; commerce; communism; despotism; doj; ftc; pricecontrols; tyranny
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Communism coming to a town near you.....theyre "excited" to implement price controls to tame inflation..lol.

Yikes....they arent even hiding it anymore.

1 posted on 03/05/2024 5:17:20 AM PST by MrRelevant
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To: MrRelevant

There is no such thing as illegal pricing.


2 posted on 03/05/2024 5:20:20 AM PST by Jonty30 (I may not know as much about American history and law as I like, but I know more than most liberals.)
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To: MrRelevant

Whip
Inflation
Now

I wonder what is motivating Biden.


3 posted on 03/05/2024 5:20:38 AM PST by Brian Griffin
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To: MrRelevant

You hit the nail on the head...total government control...coming to your hometown soon.


4 posted on 03/05/2024 5:21:06 AM PST by RouxStir (No Peein' in the Gene Pool )
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To: Jonty30

If you are the villain who destroys the economy, then all you can do is point fingers and blame the economy.

I wonder if the press secretary is still bounding the word “Bidenomics” around these days?


5 posted on 03/05/2024 5:21:51 AM PST by z3n (Kakistocracy)
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To: MrRelevant

Anti-dog-eat-dog Rule?


6 posted on 03/05/2024 5:22:36 AM PST by ClearCase_guy (It's not "Quiet Quitting" -- it's "Going Galt".)
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To: MrRelevant

Just more tyrannical BS from the Marxist administration.


7 posted on 03/05/2024 5:24:01 AM PST by Altura Ct.
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To: MrRelevant

I am the solution to all of the problems (that I have purposely created)!


8 posted on 03/05/2024 5:25:14 AM PST by EEGator
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To: ClearCase_guy
“ Anti-dog-eat-dog Rule?”

Coming soon Rule 10-289
9 posted on 03/05/2024 5:25:43 AM PST by The Louiswu (Pray for Peace in the world.)
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To: MrRelevant

Lina Khan is a Luna Tick


10 posted on 03/05/2024 5:26:48 AM PST by PGalt (Past Peak Civilization?)
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To: MrRelevant

Coming soon to a store near you:

NOTHING!.................................


11 posted on 03/05/2024 5:26:49 AM PST by Red Badger (Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
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To: MrRelevant; Publius

Atlas Shrugged Ping!.....................


12 posted on 03/05/2024 5:27:26 AM PST by Red Badger (Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
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To: MrRelevant

“DOJ and FTC, along with other agencies on the Strike Force, will focus their collaborative efforts on key sectors where corporations may be violating the law and keeping prices high, including prescription drugs and health care, food and grocery, housing, financial services, and more.”

“The Consumer Financial Protection Bureau (CFPB) finalized a rule to slash credit card late fees from the current average of $32 down to $8, saving consumers $10 billion a year, or an average savings of $220 per year for the more than 45 million people who are charged these late fees annually.”

“Analysis of a number of major sectors across the economy show that consumers pay $90 billion in junk fees every year, including on live event tickets, internet and cable fees, apartment rentals, banking fees, auto dealer fees, and more. “

“Today, the Department of Agriculture (USDA) finalized a rule to protect the farmers and ranchers who produce meat and poultry by cracking down on processing companies’ deceptive contracts, banning retaliatory practices that prevent small producers from raising concerns or coming together in associations.”

“In addition, the FTC finalized a rule to ban auto dealers from using bait-and-switch tactics to deceive consumers and to stop auto dealers from charging hidden junk fees for services that provide no additional value.”

More at:
https://www.whitehouse.gov/briefing-room/statements-releases/2024/03/05/fact-sheet-president-biden-announces-new-actions-to-lower-costs-for-americans-by-fighting-corporate-rip-offs/


13 posted on 03/05/2024 5:28:15 AM PST by Brian Griffin
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To: Brian Griffin

The complete and total destruction of United States.


14 posted on 03/05/2024 5:28:26 AM PST by exnavy
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To: MrRelevant

communist attack on capitalism

im not surprised


15 posted on 03/05/2024 5:29:55 AM PST by cuz1961 (USCGR Vet, John Adams Descendant , deal with it.)
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To: MrRelevant

Disgusting. These bureaucrats will start harassing companies and levying fines to take the attention off the basic problem of excessive.gov spending/insane fiscal policy.


16 posted on 03/05/2024 5:30:04 AM PST by griswold3 (Truth, Beauty and Goodness. )
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To: MrRelevant

https://www.ftc.gov/about-ftc/commissioners-staff/lina-m-khan


17 posted on 03/05/2024 5:30:19 AM PST by PGalt (Past Peak Civilization?)
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To: Brian Griffin

Whip inflation now,
eat crow instead of cow.


18 posted on 03/05/2024 5:31:18 AM PST by Kaiser8408a (z)
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To: MrRelevant

What opportune timing... just when most polls show Biden behind Trump in various polls, including people younger than 30 years old.


19 posted on 03/05/2024 5:31:44 AM PST by PghBaldy (12/14/12 - 930am -rampage begins... 12/15/12 - 1030am - Obama team scouts pt know hoto-op locations.)
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To: MrRelevant

We need price controls, comrades! And Trump and his supporters are threats to the motherland! Oh, and the bread rations will need to be reduced this month because we had record crop yields!


20 posted on 03/05/2024 5:33:09 AM PST by Sicon ("All animals are equal, but some animals are more equal than others." - G. Orwell>)
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