In what was probably the first reference to “junk fees” during a State of the Union address, President Joe Biden said Tuesday that his administration is cracking down on “those hidden surcharges too many companies use to make you pay more” and urged Congress to pass legislation expanding on the effort.

“The idea that cable, internet and cell phone companies can charge you $200 or more if you decide to switch to another provider? Give me a break,” Biden said to applause.

Junk fees — various late fees, overdraft fees and service fees — are quietly added to the total cost of products ranging from checking accounts to airplane tickets, and Biden is likely telling voters that he is looking out for their pocketbooks. However, advocates say the most harmful junk fees are not found on receipts from ATMs […]