A new federal rule aims to ban “junk fees” on hotel accommodations and live-event tickets, a move that could significantly impact consumer spending and the way businesses advertise prices. The Federal Trade Commission (FTC) estimates this rule, set to take effect around April of next year, could save consumers a substantial amount of money—$11 billion over a decade—and 53 million hours of time spent hunting for the true final cost of their purchases.
However, this isn’t necessarily a complete victory for consumers. The rule doesn’t actually prohibit the fees themselves; instead, it mandates that these fees be included in the upfront price displayed to the consumer.… Continue reading
I can’t help but feel a wave of relief knowing that a California law banning hidden fees is finally going into effect next month. As a consumer, I have often felt frustrated when I see a price listed on a menu, only to find out that there are additional fees tacked on at the end. The lack of transparency in pricing from various restaurants has left me feeling deceived and unsure of the true cost of my meal.
It’s disheartening to see that some restaurant owners are arguing that they should be exempted from this law because they are already struggling to survive in a challenging market.… Continue reading
Living in California, the recent announcement that restaurants must now include all of their add-on fees into menu prices has sparked quite the debate among both consumers and restaurant owners. Some are thrilled with the transparency this new regulation brings, while others are wary of potential price increases and sticker shock. As for me, I fully support this move towards more upfront and honest pricing in the food industry.
For far too long, diners have been subjected to hidden fees, surcharges, and mandatory tips cleverly disguised at the bottom of menus in tiny font. It’s frustrating to think you’re paying one price only to be hit with a significantly higher bill at the end of your meal.… Continue reading
As a consumer, I have always been frustrated with the deceptive practices of businesses that add on fees after the fact. The recent California law requiring restaurants to bake all of their add-on fees into menu prices is a welcome change in my opinion. The idea that the price you see is the price you pay seems like common sense to me. I have always felt blindsided by additional charges for things like service fees, healthcare surcharges, or gratuity that are not clearly stated upfront.
The fact that this law applies to a wide range of businesses beyond just restaurants is even more reason to celebrate.… Continue reading