Today, the Consumer Financial Protection Bureau released a new report that dives into the junk fees payment processing companies impose on school lunches, costing American families $100 million per year collectively. Groundwork Collaborative’s Director of Policy and Research Bilal Baydoun reacted with the following statement:
“Imposing junk fees on school lunches is an egregious example of corporate profiteering. Families are just trying to keep their kids fed when they’re at school, but predatory tech firms see that as an opportunity to exploit.
“It’s imperative that we root out junk fees and stop pricing practices that prey on vulnerable families and focus on addressing the excessive corporate power that enables this gouging. The CFPB is doing just that.”
Email press@groundworkcollaborative.org to speak with a Groundwork expert about junk fees and pricing. Read more about junk fees in The American Prospect’s special issue, “How Pricing Really Works.”