The newly issued junk fees rule by the FTC aims to promote transparency in pricing for essential services like live-event ticketing and hotel bookings, ensuring consumers see total costs upfront.
Outgoing FTC chair Lina Khan urged her successors to sustain efforts against unlawful fees, advocating for further legislation that bans unfair junk fees across the economy.
There's bipartisan support for transparency in pricing, evidenced by the TICKET Act, which mandates that ticket sellers include total prices in their marketing and advertising.
Columbia University professor Vicki Morwitz expressed uncertainty about future efforts to maintain price transparency, suggesting that the effectiveness of the new regulations depends on the incoming administration's support.
Collection
[
|
...
]