4.4 • 3K Ratings
🗓️ 17 December 2024
⏱️ 26 minutes
🧾️ Download transcript
Click on a timestamp to play from that location
0:00.0 | Say goodbye to junk fees. |
0:06.6 | Well, some of them anyway, for now at least. |
0:09.5 | You're listening to Motley Fool Money. |
0:13.6 | I'm Ricky Mulvey, joined today by Bill Barker. |
0:16.3 | Bill, appreciate you being here. |
0:17.7 | Thanks for having me. |
0:19.1 | So this is something I'm kind of excited about is a, |
0:22.5 | is a buyer of things, is a buyer of tickets and occasionally hotel rooms. The Federal Trade |
0:29.4 | Commission announced a final, what it is calling a final junk fee rule. This hits live events, |
0:36.3 | hotels, vacation rentals. Basically, if you're a hotel, |
0:39.6 | you cannot just add a resort fee on to the end of the booking. You can still charge it. You just |
0:44.6 | have to tell your customers up front. And there's some weirdness in here, Bill. There's no real |
0:50.5 | uniform enforcement. The rule will also become effective four months from now, |
0:55.6 | notably when there is a new presidential administration in the White House. |
1:00.5 | Does this rule change much? |
1:01.9 | Is this something I should be excited about? |
1:04.1 | Well, I excited is an interesting choice. |
1:08.5 | I think that your future experiences might be less annoying rather than |
1:13.5 | actually all that much better. I don't think it's got any real competitive change in the |
1:18.6 | landscape for companies. They charge what they charge, and they're still going to charge |
1:23.3 | the amounts they charge. But they'll list the price sooner in your transaction experience with |
1:30.8 | the much like, I suppose, a gas station does. When you see the price for gas, it's the price you pay, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Motley Fool, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Motley Fool and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.