( ) -q-20- UNDATED (Correspondent Jeremy House) “that they tricked.’” The Federal Trade Commission has 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. [CutID: <Cuts> FTC-JUNK-FEES-house-q-WEDam.mp3 Time: 20s Title: FTC-JUNK-FEES-house-q-WEDam Out-cue: that they tricked] TAG: Correspondent Jeremy House […]
Audio
FTC proposes a ban on junk fees, says hidden charges push up prices
( ) -q-20- UNDATED (Correspondent Jeremy House) “that they tricked.'”
The Federal Trade Commission has 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.
[CutID: <Cuts> FTC-JUNK-FEES-house-q-WEDam.mp3
Time: 20s
Title: FTC-JUNK-FEES-house-q-WEDam
Out-cue: that they tricked]
TAG: Correspondent Jeremy House reporting.
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VERBATIM: President Biden has made the removal of these fees a priority of his administration. Administration officials have said these additional costs can mislead, inflate prices and waste people’s time. FTC Chair Lina Kahn says violators will be subject to civil penalties and be required to “pay back Americans that they tricked.”