Saturday 31 December 2016

White House report documents the "hidden fees" that pick America's pockets

In The Competition Initiative and Hidden Fees, the White House's National Economic Council documents the widespread use of deceptive "service charges" that businesses levy, allowing them to advertise prices that are wildly divergent from what you'll actually pay -- think of the $30, unavoidable "resort fees" added to a hotel bill; the $25 "processing fees" added to concert tickets, the random fees added to telecom bills, etc, all adding up to billions transferred away from American shoppers to big business. (more…)