Tag: Federal Trade Commission
No, Vegas Resort Fees are Not Banned
There was some excitement making headlines recently, claiming that Las Vegas resort fees had been banned by the Federal Trade Commission. It was an eye catcher for sure, but was it true? Well, not really. Various news outlets latched on the segments of the FTC story, including a quote from their own press release stating their actions had essentially banned Junk Ticket and Hotel Fees, but let’s take a closer look. While it is true that the FTC introduced a new rule aimed at addressing nuisance fees like Vegas resort fees, it did not really ban them. Instead, it focused…
Federal Trade Commission Could Investigate Fantasy Sites
United States Sen. Robert Menendez and Congressman Frank Pallone have asked the Federal Trade Commission to investigate daily fantasy sports operators who allowed employees with access to nonpublic information to compete on rival sites. “Allowing employees of fantasy sports websites with access to nonpublic information to participate in online fantasy games, even if the games are operated by other fantasy sports companies, could give those employees an advantage akin to insider trading,” Menendez and Pallone stated in an Oct. 6 letter to the FTC. “Therefore, we also ask the FTC to investigate whether this constitutes an ‘unfair or deceptive practice’…