The Federal Trade Commission is proposing a new rule that seeks to eliminate junk fees -- hidden costs that can unexpectedly push up prices consumers pay at checkout.
Wednesday, October 11, 2023 9:15AM-- those hidden costs that can unexpectedly push up prices consumers pay at checkout.
The FTC estimates the proposed rule will save consumers more than 50 million hours per year of wasted time spent searching for the total price in live ticketing and short-term lodging alone. This time savings is equivalent to more than $10 billion over the next decade.Senior administration officials, however, did not have guidance on when the rule could be finalized and go into effect.
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