The White House is targeting junk fees in apartment rentals, promising anti-price gouging help.
Renters should soon be able to expect more transparency on what they'll pay for their apartments, as some major online real-estate marketplaces agree to include hidden costs — like application and convenience fees — in their upfront advertised pricing.
This move was announced by the White House, which has been targeting"junk fees" in other sectors, such as air travel and concert tickets. The administration says these savings will help Americans with their budgets as inflation pricing continues to linger. The Justice Department plans to assist state attorneys in rooting out anticompetitive business measures in their states by providing funds to"support complex cases" and assist in research. Along with the Federal Trade Commission, the Justice Department released updated draft guidelines related to mergers in the U.S., aimed at better representing how the two agencies evaluate the potential impact of a merger on competition in the modern landscape and ensuring competition is preserved.
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