TCF (travel compensation fund) closing - Caveat Emptor (Buyer Beware)

[markis10]

Read in the weekend Australian the fact the TCF is closing and soon there will be no protection for loss from closure etc of travel providers who have taken deposits. I am surprised it has not gotten more publicity!

 

[StevePER]

So now that travel agents don't have to pay fees for the TCF, I am looking forward to seeing the price reductions.

 

[Hvr]

So now that travel agents don't have to pay fees for the TCF, I am looking forward to seeing the price reductions.

Yeah right.

This is why paying by credit card is the only way to go. Cheap insurance for the cost of the credit card surcharge.

 

[Carlous Moochous]

Got a link or source? Never really understood the purpose

Never mind found the link: http://www.theaustralian.com.au/tra...ed-soon-to-close/story-e6frg8rf-1226430181575

I think it's a good move - it was effectively forced insurance. Good reduction in costs for an already stretched industry.