StubHub reaches settlement to refund $10 million to customers over 'deceptive' pricing

FTC by is licensed under flickr
StubHub will refund $10 million to consumers and revamp how it displays ticket prices after the Federal Trade Commission accused the company of deceptively advertising live-event tickets without fully disclosing mandatory fees upfront.

"The Commission’s Fees Rule makes it very clear that the total price of live-event tickets must be disclosed up-front to enable consumers to make fully informed purchasing decisions," FTC’s Bureau of Consumer Protection Director Christopher Mufarrige wrote in a statement. "Price transparency is essential to a free and competitive marketplace. Today’s settlement underscores the Commission’s commitment to ensuring that consumers pay the price they are promised."

Read Full Article Here

Get latest news delivered daily!

We will send you breaking news right to your inbox

Recent Articles

image
image
image
image