Hotels, short-term rentals and event ticket-sellers must advertise the full price of their offerings under the rule, which is supposed to go into effect in the coming year. Here’s what to know.

Related: Popular delivery service settles FTC complaint over controversial issues In 2022, President Joe Biden pressed federal agencies to crack down on junk fees to fulfill his consumer protection agenda and increase economic competition.

The Junk Fees Rule prohibits “bait-and-switch pricing” that hides total prices for live-event tickets and hotels. For our purposes, this is mainly about Ticketmaster, which owns a monopoly share of the ticket-buying market and has,

"People deserve to know upfront what they're being asked to pay," FTC Chair Lina Khan said in announcing crackdown on certain consumer fees.

Andrew Ferguson, the incoming president’s pick to lead the Federal Trade Commission, published a dissent to the agency’s new rule.

The FTC estimates that the Junk Fees Rule will save consumers up to 53 million hours per year spent trying to discern the total price for concert tickets and short-term lodging, and will equate to more than $11 billion in savings over the next decade.

Americans can see the price of live event tickets upfront as the U.S. Federal Trade Commission (FTC) banned “junk fees.” The FTC passed a rule on Tuesday that requires ticket seller, hotels, and vacation rental sites to be forthcoming with their prices and not wait until the last minute.

Junk fees hidden in the price of hotels and tickets for live events would be banned under a final rule approved by the Federal Trade Commission on Tuesday. The rule requires certain companies to display the full price of a service or product upfront instead of notifying the buyer of the extra fees at the end of the checkout process.

You know those annoying surprise junk fees you pay for things like concert tickets and hotel rooms? Well, those should soon be going away. Action 9 Consumer Investigator Jeff Deal has been following the junk fee issue over the past few years.

A new rule from the U.S. Federal Trade Commission (FTC) promises to make travel bookings more... The post FTC Cracks Down on Hidden Fees: What Travelers Need to Know appeared first on The Daily Dive.