Car rental companies Aviscar Inc. (Avis) and Budgetcar Inc. (Budget) have agreed to pay a $3 million administrative monetary penalty to settle allegations by the Competition Bureau that they misled consumers into thinking that their rental car prices were lower than they actually were through what is commonly termed “drip pricing”. Avis and Budget also agreed to pay $250,000 towards the Bureau’s investigative costs and to implement a corporate compliance program. The 11-page Consent Agreement, filed with the Competition Tribunal, settles the application commenced by the Bureau in March 2015 (see our article Why Car Rentals Cost More Than Advertised: Avis and ... [more] Full article