![]() ![]() What will the SeatGeek, Live Nation changes mean to consumers? “Our hope is that as you build momentum around voluntary action, more and more (companies) will do it," said Michael Negron, a special assistant to the president on economic policy. He's also asked Congress to eliminate hidden fees altogether through the Junk Fee Prevention Act. The Biden administration has proposed new rules targeting credit card late fees, airlines and lodging as well that aim to get rid of extra charges that aren't publicized clearly by companies. "This is a win for consumers, in my view, and proof that our crackdown on junk fees has real momentum," Biden said of the changes from Live Nation, SeatGeek and other ticket vendors. ![]() While the companies' moves are voluntary, Biden has been on a crusade against "junk fees." He threatened to take action in this year's State of the Union address, saying "Americans are tired of being played for suckers.” The Department of Justice last year intensified an investigation into Ticketmaster, which controls entry into a majority of the nation's live events. "I'm asking their competitors to follow suit and adopt an 'all-in' upfront pricing as well." "These are just the latest private sector leaders who are responding to my call for action," Biden said at a roundtable White House meeting with executives of the companies on hand. The moves come after Live Nation Entertainment, the parent company of Ticketmaster, faced criticism from the White House and Congress in January over ticket sales for pop star Taylor Swift's tour that included exorbitant hidden fees and platform outages, preventing some fans from buying tickets.īiden touted the steps taken by Live Nation, SeatGeek and other companies during White House remarks Thursday and also recognized ticket sellers like TickPick that already provide upfront pricing to customers with no hidden fees. WASHINGTON − Ticketmaster and mobile ticket vendor SeatGeek will no longer hide fees from total ticket costs amid pressure from President Joe Biden for companies to ditch so-called "junk fees." ![]()
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