The FTC Announces Final Rule to Ban Hidden Ticket/Travel Fees

The FTC (Federal Trade Commission) just announced its final ‘Junk Fees Rule’ that aims to crack down on hidden fees that appear at checkout. These hidden fees usually appear for consumers who are purchasing tickets for live events, hotels, AirBNBs, and other entertainment and leisure amenities. The FTC chairwoman Lina Khan stated, ““People deserve to know up-front what they’re being asked to pay—without worrying that they’ll later be saddled with mysterious fees that they haven’t budgeted for and can’t avoid”. She later added, “The FTC’s rule will put an end to junk fees around live event tickets, hotels, and vacation rentals. This will save Americans billions of dollars and millions of hours in wasted time”.

The FTC will help consumers save tons of time and money through the ‘Junk Fees Rule’

According to an article from Digital Music News, the ‘Junk Fees Rule’ supports consumers and genuine, supportive companies and business who have encountered dishonest practices that ticket sales corporations such as Ticketmaster and Stubhub have conducted over the years. The FTC also studied live event marketing and short-term lodging industries’ check-out process, which led to the implementation of this rule. Additionally, the rule aims at various junk fees such as ‘resort fees’ and ‘convenience fees’ that can result in triple-digit final price amounts at checkout.

The new ‘Junk Fees Rule’ will also require businesses to truthfully show the real total price inclusive of all mandatory fees when they present any price of live-event tickets or short-term lodging in various manners. The vote that approved this new rule was 4-1, with Commissioner Andrew Ferguson the only individual who dissented. Last but not least, the ‘Junk Fees Rule’ will also help consumers save a lot of time and money from looking for honest, total prices for live-event tickets and short-term lodging. Click on this link from the official webpage of the FTC to read more about the bipartisan ‘Junk Fees Rule’ that will change the way ticket sales corporations will sell tickets moving forward.

Image Courtesy: FTC (Federal Trade Commission)

The post The FTC Announces Final Rule to Ban Hidden Ticket/Travel Fees appeared first on EDMTunes.