The Federal Trade Commission is proposing a rule to ban any hidden and bogus “junk” fees, which can mask the total cost of concert tickets, hotel rooms and utility bills
FILE - The Federal Trade Commission building in Washington, on Jan. 28, 2015. The Federal Trade Commission on Oct. 11, 2023, proposed a rule to ban any hidden and bogus"junk" fees, which can mask the total cost of concert tickets, hotel rooms and utility bills. President Joe Biden has made the removal of these fees a priority of his administration.
The FTC estimates that consumers waste 50 million hours each year searching for the total price for tickets and lodging. The time saved in those two categories because of the rule would be equivalent to about $1 billion annually.
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