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> "Now we can put the consumer first and create a level playing field for those businesses that advertise the real price, up front," I hope this means they're banning the common US practice of omitting sales taxes and tips from prices.
Also a problem for sales taxes because online stores don't know how much sales tax to charge until they have a shipping address.
It looks like this passed along party lines. What's the "pro hidden fees" stance exactly?
In general, their stance has been "vote against anything the governor is willing to sign."
Bet this doesn’t include sales tax, whose non-inclusion is baffling and irritating
I don't quite see how an overdraft fee (one of the examples given) is a junk fee - it costs the bank real money to cover the loan they are effectively giving you when you are in overdraft.
How about just rejecting the withdrawal instead of overdrafting?
Earlier quoted context omitted.
Cost the bank real money? lol What planet are you from? Banks don’t use their money.
If a bank covers an overdraft, then the customer doesn’t have the money to pay it back, where does the money come from? Whose balance sheet if not the bank’s?
Earlier quoted context omitted.
Everyone always says this, and it's basically never going to happen, at least in the US. Tons of places have tried to ban tipping and just include the service in the cost of the item. They nearly always revert because the best workers leave to make more money at a tipping joint.
Not just that, some businesses that try no-tipping end up having to raise their prices significantly more than the average tip amount, since paying their workers a higher non-tipped wage means they have to pay more in payroll taxes too.
Earlier quoted context omitted.
Cost the bank real money? lol What planet are you from? Banks don’t use their money.
If a bank covers an overdraft, then the customer doesn’t have the money to pay it back, where does the money come from? Whose balance sheet if not the bank’s?
Comments that are bringing up taxes (which are totally exempted by this bill anyway) and tips (with one small caveat) are completely missing the point. You can have a debate about how to display those items on a price list, but everyone knows about them and they are expected. The whole point of this bill is to prevent bait-and-switch, where loads of unknown or variable fees are tacked on after the price is initially…
Traveling to the US is for most Europeans a mightmare on this point. We are used to have a price that includes the taxes, services, delivery, wathever, you pay this much for this good ot service, and not an anachronistic 'tip' incantation for which you have to be tuned in to the latest local vibes so as not to unintentionaly run afoul of some obfuscated social rules, or you have to wip out your phone to google tax ra…
Ironic when the same day, California Gov. Gavin Newsom vetoe'd bill intended to limit the price of insulin, and thus access to essential health care for many.
Is that the same bill that would have decriminalized psychedelic mushrooms? Good thing California uses First Past the Post voting, making a two party system a inevitably. Must be cheaper to purchase the government for the 1%.
This is a very bad way to analyze politics. Politicians actually believe in the things they're doing.
I don't quite see how an overdraft fee (one of the examples given) is a junk fee - it costs the bank real money to cover the loan they are effectively giving you when you are in overdraft.
Treat it as a loan and make it cost a real, low double-digit APR instead of fixed fees.