No one would have ever described the ticket-buying expertise as “fun,” however as of late it’s more tiresome and annoying than ever thanks to the existence of hidden charges, transaction charges, digital charges, and more. These “junk” charges have change into the purpose of a brand new crackdown by President Biden.
These junk charges apply to more than simply live shows, including banks, airways, cable firms and different industries, as properly.
Writes CNBC:
He cited processing charges for live performance tickets, “resort fees” at resorts, “excessive” bank card late charges, airline reserving charges and termination fees to hold customers from switching cable or web plans as a few of the charges the administration is tackling.
At the White House Press Conference, President Biden was joined by Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra and FTC Chair Lina Khan. CFPB already instituted new steering directed at banks and shock overdraft charges, and the administration is “just getting started.”
I do know hidden junk charges – like processing charges on live performance tickets – are a ache.
They’re unfair, misleading, and add up.
That’s why, final week, I referred to as on my Administration to crack down on these charges and put that cash again in your pocket.
— President Biden (@POTUS) November 3, 2022
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