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Stock impact report

How the new ban on 'deceptive' hidden fees at hotels will affect you [USA TODAY]

NerdWallet, Inc. (NRDS) 
Company Research Source: USA TODAY
The rule aims to provide transparency for consumers and save them billions of dollars in hidden fees. The rule is expected to go into effect after a period of public comment and potential legal challenges. Travelers will soon not have to worry about paying those hidden fees that end up ballooning their final bill when checking out of accommodations. The U.S. Federal Trade Commission passed a final Junk Fees Rule on Tuesday to ban "unfair and deceptive pricing practices" that hide total prices for various industries, including short-term lodging. It won't prohibit businesses from having these fees but make them display total costs upfront. "People deserve to know up-front what they're being asked to pay – without worrying that they'll later be saddled with mysterious fees that they haven't budgeted for and can't avoid,” FTC Chair Lina M. Khan said in a statement . "The FTC's rule will put an end to junk fees around live event tickets, hotels, and vacation rentals, saving Ameri Show less Read more
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