Biden administration issues ban on ticket, hotel 'junk fees'

The FTC has introduced a rule to combat junk fees, requiring companies to be transparent about total prices upfront. This move aims to prevent bait and switch pricing, a concern highlighted by the Biden administration. The rule, resulting from two years of investigation and public feedback, is expected to save Americans significant time. It will take effect four months after publication, but its future under the incoming Trump administration remains uncertain.

What is the primary goal of the FTC's new rule regarding junk fees?

• To reduce the number of companies charging fees

• To ban all additional fees

• To increase the number of fees allowed

• To ensure companies disclose total prices upfront

How does the new FTC rule aim to benefit consumers?

• By providing discounts on fees

• By making fees optional

• By banning all fees

• By saving time and preventing unexpected costs

What is the estimated time Americans will save annually due to the new rule?

• 53 million hours

• 10 million hours

• 5 million hours

• 100 million hours

When will the new FTC rule on junk fees take effect?

• One year after publication

• Four months after publication

• It will not take effect

• Immediately after announcement

What is Andrew Ferguson's position regarding the new FTC rule?

• He fully supports it

• He believes it should be delayed for the new administration

• He wants to increase the fees

• He has no opinion on it