United States President Joe Biden consults with NATO Secretary General Jens Stoltenberg in the Oval Office of the White House in Washington, DC, on June 13,2023
Andrew Caballero-Reynolds|AFP|Getty Images
WASHINGTON–Several big business, consisting of Ticketmaster moms and dad Live Nation, are swearing to end surprise “junk fees” following a pressure project from the Biden administration.
“Junk fees” are additional expenses added at the end of purchases, typically for show tickets, resorts and leasings. President Joe Biden has actually made ending the practice a top priority and welcomed agents from Live Nation, Airbnb, SeatGeek and others to consult with him Thursday.
Both Live Nation and SeatGeek concurred in advance of the conference to dedicate to reveal all charges in advance for ticket purchases, the White House stated. Iowa place xBk is anticipated to also. Airbnb in December started consisting of all charges in the last rate after calls from the White House to do so.
“Today’s voluntary actions demonstrate that companies both big and small recognize the importance of providing consumers with honest, up-front all-in pricing, rather than tricking them with surprise fees at the end of checkout,” the White House stated in a declaration. “It is also just a first step towards addressing junk fees in the economy.”
“This is a win for consumers in my view, and proof that our crackdown on junk fees had real momentum,” Biden stated Thursday following the conference, including that there is more to do.
Biden very first started his project versus “junk fees” 9 months earlier and consisted of require personal business to do so in his State of the Union address this year. The concern reached a boiling point in November, when clients were confronted with exorbitantly high costs for Taylor Swift’s Eras trip tickets.
“President Biden has been working to lower costs for hardworking families by bringing down inflation, capping insulin prices for seniors, and eliminating hidden junk fees,” National Economic Council director Lael Brainard stated in a declaration. “More companies are heeding the president’s call so that Americans know what they’re paying for up front and can save money as a result.”