Overview

• The Federal Trade Commission (FTC) has approved a rule requiring businesses to disclose total prices, including all mandatory fees, for live event tickets and short-term lodging upfront.
• The rule targets deceptive 'bait-and-switch' pricing practices and mandates that the total price be displayed more prominently than other pricing details.
• The FTC estimates the rule will save consumers up to 53 million hours annually and over $11 billion in the next decade by simplifying price comparisons.
• The rule, passed with a 4-1 vote, will take effect in April 2025, during the Trump administration, potentially allowing the incoming administration to review or withdraw it.
• FTC Chair Lina Khan emphasized the rule's consumer benefits, urging policymakers to expand efforts to ban unfair and deceptive fees across the economy.