The Federal Trade Commission (FTC) has introduced a final rule called the Rule on Unfair or Deceptive Fees. This rule aims to prevent businesses from misleading consumers about the prices of live-event tickets and short-term lodging. It requires businesses to clearly disclose the total price that includes all mandatory fees, to avoid bait-and-switch tactics that hide the real cost. The rule also prohibits businesses from lying about the nature, purpose, amount, or refundability of these fees, ensuring that consumers have a true understanding of the cost before making a purchase.
Simple Explanation
The new rule says that when you buy event tickets or book a place to stay, the company must show you the total price, including all hidden fees, right away so there are no surprises later. This helps people know exactly what they are paying for before they buy.