cora lewis is a business reporter for the associated press. cora, thank you for joining us.ow is the biden administration looking to tackle these fees? >> the biden administration is using the consumer financial protection bureau to take aim at these fees, as well as the federal trade commission. when it comes to overdraft fees, they are trying to use new rules and regulations to limit the amount that banks can charge consumers when they overdraft. they are proposing a new rule that would require banks to show what their costs are to consumers when they enact these fees. banks really aren't interested in doing that. so the cfpb is giving them an alternative, which is to lower the fees to as little as three dollars, but possibly six dollars, seven dollars, or $14 as benchmark fees, which are still much, much lower than the fees as they currently stand. ali: and why is the biden administration taking on junk fees right now? why is this the moment they have decided to do this? >> right now a lot of the pandemic era stimulus is ending. inflation has been high for a while. people