WASHINGTON (AP) — The Federal Trade Commission on Wednesday proposed a rule to ban any hidden and bogus junk fees, which can mask the total cost of concert tickets, hotel rooms and utility bills.
President Joe Biden has made the removal of these fees a priority of his administration.
The Democrat's effort has led to a legislative push and a spate of initiatives aimed at helping consumers.
The FTC estimates that consumers waste 50 million hours each year searching for the total price for tickets and lodging.
After Biden discussed junk fees at a February meeting with aides, the U.S. Chamber of Commerce issued a statement that the “Washington-knows-best approach” would lead to fewer choices for consumers and make the economy less competitive.
Persons:
Joe Biden, “, Lina Kahn, Biden, Lael Brainard
Organizations:
WASHINGTON, Federal Trade Commission, Administration, FTC, Consumer Financial, Bureau, White, National Economic Council, U.S . Chamber of Commerce
Locations:
U.S, Washington