The FTC prohibits hidden fees on tickets and short-term lodging purchases

I can’t remember in recent memory when my last loan, whether it was a hotel reservation or a concert ticket, didn’t scare me. Now, a a new regulation from the Federal Trade Commission (FTC) should reduce baiting and price adjustments. The FTC has announced the Junk Fees Rule, which targets airline ticketing and short-term business transactions. visible of the total amount borrowed. Some companies have continued to come under frequent scrutiny for fraudulent pricing.

The new law, it was first offered in 2023they should remove all the “resort” and “service” fees charged at check-out which are often unreasonable. Companies can also technically include them, but they must be included in the first price shown. The Important disclosure it means that the first amount you see in displays, ads, etc. should be the total amount you pay.

The Unlimited Payroll Act also requires businesses to disclose the final paycheck “more broadly” than any other information. Therefore, it cannot say that it will destroy one thing in large print and then in small print add that there are many charges on top of it. “People should know in advance what they’re being asked to pay — not worry that they’ll end up with mysterious bills they didn’t budget for and can’t avoid,” said FTC Chairwoman Lina M. Khan. . “I encourage law enforcement to continue to crack down on this illegal spending and encourage state and federal policymakers to continue to work hard with laws to stop unfair and fraudulent interest rates throughout the economy.”

The FTC says the Unlimited Fees Act will save consumers up to 53 million hours each year and more than $11 billion over the next decade. This Act will take effect 120 days after it is published in the Federal Registrar.