FTC to Ban Hidden Junk Fees on STRs

12/24/2024

The U.S. Federal Trade Commission (FTC) has passed a rule that will ban hidden “junk fees” on short-term rentals, mandating that booking platforms disclose total prices upfront, including fees. Total prices will also need to be displayed more prominently on websites than other prices. The only vote against the rule was from Republican FTC commissioner Andrew Ferguson, who has been nominated by President-elect Donald Trump to replace current chair Lina Khan when the new administration takes over.

VRMA is carefully reviewing the regulatory and legislative actions announced and will be engaging the Federal Trade Commission to seek additional guidance on how they intend to implement any new federal requirements. VRMA will be sure to keep members updated with the latest information.

ShortTermRentalz (12/18/24) Paul Stevens