President Biden announced several companies, including ticketing platforms SeatGeek and Ticketmaster, will take actions to tackle 'junk fees' and offer more transparent pricing. 'This is a win for consumers, in my view,' Biden said.
), has committed to rolling out product features that make it easier for consumers to search for and receive all-in upfront pricing, which includes the service charge and any other fees.SeatGeek plans to offer similar search tools over the course of the summer, while Airbnb introduced a new total price display feature in December that allows US consumers to see all fees before taxes.
President Joe Biden speaks at the League of Conservation Voters annual capital dinner in Washington, Wednesday, June 14, 2023. State of the Union address in February, Biden said: "Junk fees may not matter for the very wealthy but they matter to most other folks in homes like the one I grew up in." "They add up to hundreds of dollars a month. They make it harder for you to pay your bills," he said.
"[Thursday's] voluntary actions demonstrate that companies both big and small recognize the importance of providing consumers with honest, up-front all-in pricing, rather than tricking them with surprise fees at the end of checkout," the White House said in aLael Brainard, who serves as director of the National Economic Council, added in a follow-up statement, "President Biden has been working to lower costs for hardworking families by bringing down inflation, capping insulin...
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