N@N

Biden's FTC is banning 'junk fees' for hotels and concert tickets

The Biden administration's Federal Trade Commission (FTC) has introduced a new rule aimed at eliminating hidden "junk fees" in various industries, particularly targeting hotels and concert ticket sales. These fees, often added at the end of a transaction, can significantly increase the cost for consumers. The rule seeks to enforce transparency by requiring businesses to include all mandatory fees upfront in the advertised price. This initiative is part of a broader effort to protect consumers from unexpected charges, ensuring that the price seen is the price paid. The FTC's move has been met with mixed reactions; while consumer advocacy groups applaud the transparency, some businesses argue that it might complicate pricing strategies and potentially raise base prices. The rule, if finalized, would represent a significant shift in how pricing is disclosed to consumers across the United States.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/biden-s-ftc-is-banning-junk-fees-for-hotels-and-concert-tickets/ar-AA1w1WP4 ]