FTC proposes new rule to ban junk fees, potentially saving consumers 'tens of billions'
The Federal Trade Commission is proposing a new rule that seeks to eliminate junk fees -- hidden costs that can unexpectedly push up prices consumers pay at checkout. The Federal Trade Commission is proposing a new rule that seeks to eliminate junk fees -- those hidden costs that can unexpectedly push up prices consumers pay at checkout. The proposed rule would apply to many industries across the economy, including event tickets, hotels and apartment rentals. If the rule goes into effect, companies that continue to charge these fees could be fined and forced to pay back consumer s. Stock photo of U.S. dollars. STOCK PHOTO/Getty Images MORE: Sam Bankman-Fried thought he had 5% chance of becoming president, ex-girlfriend says The FTC says the far-reaching rule could save consumer s “tens of billion s of dollars in fees.” “The proposed rule would prohibit corporations from running up the bills with hidden and bogus fees, requiring honest pricing and spurring firms to com Pet e on honesty ...