The Federal Trade Commission announced a final rule banning hotels, ticketing, and short-term rental companies from including hidden junk fees in their total price on Tuesday.Rather than consumers getting hit with “convenience” or “service” fees for hotel bookings and concert tickets at checkout, the FTC said its new rule will ensure that pricing information is presented transparently before consumers agree to pay.“People deserve to know up-front what they’re being asked to pay — without worrying that they’ll later be saddled with mysterious fees that they haven’t budgeted for and can’t avoid,” said FTC Chair Lina Khan in a statement announcing the rule. “The FTC’s rule will put an end to junk fees around live event tickets, hotels, and vacation rentals, saving Americans billions of dollars and millions of hours in wasted time.”The final rule does not limit what sellers can charge for a product or service. Instead, it requires businesses …
