Close Menu
USTaxNews.live – Your Trusted Source for U.S. Tax & Finance Updates
  • Home
  • Audit
  • Finance
  • IRS
  • Legal
  • Tax News
  • Tax preparation
  • Tax Tips
  • USA Accounting
What's Hot

U.S. routes with the biggest jumps in frequent flyer redemptions

November 8, 2026

A New Era for Student-Loan Borrowers Is Here

November 8, 2026

How Wall Street’s Rising Stars Are Networking Beyond the Golf Course

November 8, 2026

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated

Subscribe to USTaxNews

* indicates required

Subscribe for Tax Updates

Get the latest IRS news, tax tips, and deadlines delivered to your inbox.

style="display:none">
Facebook X (Twitter) Instagram
USTaxNews.live – Your Trusted Source for U.S. Tax & Finance Updates
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
  • Home
  • Audit
  • Finance
  • IRS
  • Legal
  • Tax News
  • Tax preparation
  • Tax Tips
  • USA Accounting
USTaxNews.live – Your Trusted Source for U.S. Tax & Finance Updates
Home » Zohran Mamdani Is Trying to Solve One Big Consumer Problem in New York
Audit

Zohran Mamdani Is Trying to Solve One Big Consumer Problem in New York

EditorBy EditorJanuary 6, 2026No Comments2 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link


New York City Mayor Zohran Mamdani hit the ground running, signing two executive orders in his first week that combat hidden junk fees.

The avowed democratic socialist signed orders targeting business practices that “drain money from New Yorkers and make essential goods and services less affordable,” per a release from his office on Monday.

In a Monday speech announcing the orders, Mamdani said, “We reckon with it when we try to buy concert tickets, when we book a flight, when we settle our credit card bill, or even when we pay rent. A $5 fee here, a $10 fee there — what seems small adds up quickly.”

His first order targeted fees that “do not meaningfully contribute to the service” and are hidden until after the purchase has been made, the release said.

The second order focused on what Mamdani called “subscription traps and tricks,” including free trials that automatically convert into paid plans, and subscriptions disguised as one-time purchases. The order also talked about subscriptions that make cancellations “intentionally difficult.”

Business Insider launched the “The Future of Capitalism” series this week, examining ways Americans’ confidence in capitalism has been eroding and what related changes in our economy mean for your work and wealth. Read the first installment: The new American capitalism.

During his speech, Mamdani was accompanied by Sam Levine, his newly appointed commissioner of New York City’s Department of Consumer and Worker Protection. Levine previously served as a director of the Federal Trade Commission’s Bureau of Consumer Protection.

To combat junk fees, Mamdani announced that he would establish a citywide junk fee task force to crack down on offending businesses.

In 2023, the Biden administration also took aim at junk fees. In his State of the Union address in February 2023, former President Joe Biden criticized hidden hotel fees and surcharges on purchases, such as plane tickets.

In May 2025, the FTC announced a new rule on unfair or deceptive fees, which prohibits “bait-and-switch” pricing and misrepresentation of fees for live-event tickets and short-term lodging.

Mamdani was sworn in as New York’s mayor on January 1. The 34-year-old, one of the youngest to hold the top job, centered his mayoral campaign on fixing New York City’s affordability crisis.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Editor
  • Website

Related Posts

A New Era for Student-Loan Borrowers Is Here

November 8, 2026

How Wall Street’s Rising Stars Are Networking Beyond the Golf Course

November 8, 2026

How to Create Viral Videos and Earn Money From TikTok Shop

November 8, 2026
Leave A Reply Cancel Reply

News
Finance

U.S. routes with the biggest jumps in frequent flyer redemptions

Travelers use self-service kiosks in the Delta check-in area at San Francisco International Airport (SFO)…

Cosm rides premium moviegoing wave with more immersive screenings

November 7, 2026

Tesla to wind down Cybertruck production in Texas next year

November 6, 2026
Top Trending
IRS

IRS updates 2027 tax brackets and raises standard deduction to $16,600

The Big Money Show analyzes the latest tax votes as Florida voters…

IRS

IRS CEO Frank Bisignano says mobile app will combat fraud and theft

IRS CEO Frank Bisignano says the agency’s new mobile app will let…

IRS

Chinese national detained, indicted in $360K fake Microsoft tech support scam

Rep. Brett Guthrie, R-Ky., discusses how the United States should handle the…

Subscribe to News

Please enable JavaScript in your browser to complete this form.
Loading

Welcome to USTaxNews.live – Your Trusted Source for U.S. Tax, Accounting, and Financial News.

At USTaxNews.live, we’re committed to delivering accurate, timely, and practical information on everything related to U.S. taxes, IRS updates, legal issues, accounting practices, and the broader financial landscape. Whether you’re a taxpayer, accountant, legal professional, or business owner, we’re here to help you stay informed and ahead of change.

Our Picks

Mark Zuckerberg threatened to leave California over proposed billionaire tax, Meta says

October 22, 2026

California billionaire tax could leave state with less revenue, Stanford study cautions

October 19, 2026

California’s proposed billionaire tax: How does it add up?

October 18, 2026

Subscribe to Updates

Please enable JavaScript in your browser to complete this form.
Loading
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2026 ustaxnews. Designed by ustaxnews.

Type above and press Enter to search. Press Esc to cancel.