Thrilled to see the FTC finalize their junk fee rule.
Markets work when consumers can easily observe the full price.
Mandatory back-end fees make it hard to comparison shop, blunting the forces of competition.
https://www.ftc.gov/news-events/news/press-releases/2024/12/federal-trade-commission-announces-bipartisan-rule-banning-junk-ticket-hotel-fees
Markets work when consumers can easily observe the full price.
Mandatory back-end fees make it hard to comparison shop, blunting the forces of competition.
https://www.ftc.gov/news-events/news/press-releases/2024/12/federal-trade-commission-announces-bipartisan-rule-banning-junk-ticket-hotel-fees
Comments
As Chair Khan describes, mandatory back end fees are pervasive across sectors.
There is still work to be done to ensure all-in, upfront pricing across the economy.
https://www.ftc.gov/system/files/ftc_gov/pdf/statement-khan-trade-regulation-rule_-unfair-deceptive-fees.pdf