The Federal Trade Commission on Tuesday delivered the latest salvo in President Joe Biden’s bid to take on so-called “junk fees” with a final rule targeted at “bait-and-switch” pricing in the live-event ticketing and hotel industries.
The FTC estimates that the Junk Fees Rule will save consumers up to 53 million hours per year of wasted time searching for the total price of tickets and housing. According to the agency’s calculations, that comes out to savings of more than $11 billion over the next 10 years.
The rule requires that businesses “clearly and conspicuously” present the total price of their services, including all mandatory…
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