The FTC has announced the Junk Fees Rule, which requires live-event ticketing and short-term lodging businesses to be transparent about the total price owed.
The Junk Fees Rule requires businesses to display the final amount "more prominently" than any other information to eliminate deceptive pricing tactics.
FTC Chair Lina M. Khan emphasized that "People deserve to know up-front what they're being asked to pay without worrying about mysterious fees."
The FTC estimates that the Junk Fee Rule will save individuals up to 53 million hours each year and more than $11 billion over the next decade.
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