The Federal Trade Commission (FTC) is proposing a new rule to ban deceptive junk fees that many companies add to their services during the checkout process. These hidden and ambiguous fees have caused confusion for consumers, making the final prices significantly higher than initially advertised. The rule aims to require businesses to include all such fees in their upfront prices, provide explanations for each fee, and indicate whether any part of the fee is refundable. Companies like Ticketmaster and Airbnb have faced pressure to be more transparent about their fees, and this proposed rule seeks to eliminate these misleading practices, benefiting consumers and promoting fair competition. Public comments on the rule are now open for 60 days. #shorts #tech #technology #business #economy #airbnb #ticketmaster #money
