President Biden will launch a new task force jointly led by the FTC and DOJ to tackle "unfair and illegal pricing" by corporations. Biden believes such pricing practices are a major reason consumers still feel inflation's effects despite economic strength. FTC Chair Lina Khan and Assistant Attorney Jonathan Kanter will co-chair the task force. The Consumer Financial Protection Bureau will release new credit card late fee rules and the US Department of Agriculture new farmer protections. Questions remain about what authority regulators have to take against aggressive pricing strategies.