Biden set to outlaw ‘junk fees’


Biden set to outlaw ‘junk fees’

Saturday, 12 Oct, 2023 0

The Biden Administration is set to formally implement measures to end so-called junk fees.

These are hidden costs levied after a consumer transaction such as some airline fees and resort fees at hotels.

The White House is working with the Federal Trade Commission and Consumer Financial Protection Bureau to set rules.

Junk fees cost American consumers billions each year.

Biden’s previous threats to legislate has seen some companies fall into line and promise to change their pricing models.

This has happened with some hotel groups and online travel platforms.

The administration is also targeting concert and sports event ticketing providers.

Government officials say hidden fees imposed after the initial purchase hamper the ability of consumers to comparison shop.

“Such fees also unfairly disadvantage honest businesses, impede innovation, and disproportionately impact small enterprises,” a White House press release said.

The Federal Trade Commission proposed a rule that would require companies to detail the complete cost upfront before payment.

It would be required for event tickets, hotels, rentals, and other various sectors.

Violations would lead to large penalties and refunds to customers.

The Consumer Financial Protection Bureau is proposing a similar rule for banks and financial institutions.

Read Full Story


 

profileimage

TravelMole Editorial Team

Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.



Most Read

Mark Jaronski of Explore Georgia on FIFA World Cup 2026

Connecting Small Businesses to Global Tourism Markets: Nate Huff of Tourism Exchange

North Carolina’s Resilience: Wit Tuttell on Recovery and Tourism

Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns

James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel

Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination

Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics

Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy

Bubba O’Keefe on Clarksdale’s Vibrant Music Scene

Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee

Craig Ray and the Expansion of the Blues Trail

Presenting Mississippi’s Cultural Trails with Katie Coats
TRAINING & COMPETITION

Our emails to you has bounced travelmole.com Or You can change your email from your profile Setting Section

Your region selection will be saved in your cookie for future visits. Please enable your cookie for TravelMole.com so this dialog box will not come up again.

Price Based Country test mode enabled for testing United States (US). You should do tests on private browsing mode. Browse in private with Firefox, Chrome and Safari