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  1. Hi there... Can you please quickly check to make sure your email address is up to date here? Just in case we need to reach out to you or you lose your password. Muchero thanks!

Lina Khan Will Be Truly Missed

Discussion in 'Too Hot for Swamp Gas' started by G8tas, Dec 17, 2024 at 6:09 PM.

  1. Dec 17, 2024 at 6:09 PM #1
    G8tas

    G8tas GC Hall of Fame

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    She has always been pro-worker and pro-consumer and unfortunately we are moving to someone that is more pro-business. There's a reason that billionaires urge Biden to get rid of her and now Trump is doing it for them.

    Hidden ticket fees and vacation rental charges banned in America

    CNN —

    The Federal Trade Commission announced a final rule banning hotels and ticketing and short-term rental companies from including hidden junk fees in their total price on Tuesday.

    Rather than consumers getting hit with “convenience” or “service” fees for hotel bookings and concert tickets at checkout, the FTC said its new rule will ensure that pricing information is presented transparently before consumers agree to pay.

    “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,” said FTC Chair Lina Khan in a statement announcing the rule. “The FTC’s rule will put an end to junk fees around live event tickets, hotels, and vacation rentals, saving Americans billions of dollars and millions of hours in wasted time.”


    https://www.cnn.com/2024/12/17/business/ftc-junk-fee-ban/index.html
     
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  2. Dec 17, 2024 at 6:11 PM #2
    sierragator

    sierragator GC Hall of Fame

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    ah yes, the fee fee, the surcharge, the bs label for sucking more cashish out of you.
     
  3. Dec 17, 2024 at 6:55 PM #3
    mdgator05

    mdgator05 Premium Member

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    A couple key concepts in pricing:

    Partition Pricing: Splitting out the cost of different elements of a bundle (like your cell phone bill does). It is usually purposefully deceptive (customers not expending much in the way of mental energy will often underestimate the value of a partitioned price). However, generally, customers do a good job of regulating that themselves (they get mad at companies for doing it to them and simply don't buy, especially if it is an unusual surcharge.

    Drip pricing: Adding prices after initial pricing. This, customers struggle with initially as it is purposefully deceptive in a way not known until they have already committed.

    There is also a lot of grey area between these systems. For example, AirBnB used to hide the fees until after click-through, which, while still technically partition pricing as you saw all fees before service, had elements of drip pricing, where they were hoping you wouldn't notice or fully account for all fees as a customer.
     
  4. Dec 17, 2024 at 6:56 PM #4
    slocala

    slocala VIP Member

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    If everyone charges the fee… what is the alternative?! You call to negotiate it and it’s a chatbot that can’t help you.
     
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