Loading...
The Federal Trade Commission (FTC) has proposed a new rule aimed at eliminating hidden fees and banning junk fees that are costing consumers billions of dollars. The proposed rule would require companies to offer transparent pricing and make it clear that certain bank fees, such as checking account balance fees, are illegal. The FTC's proposal has received support from the Biden Administration, which is taking comprehensive action to crack down on junk fees across the economy. If implemented, the rule is expected to save consumers $10 billion in the next decade. The FTC's proposal has also been backed by the Consumer Financial Protection Bureau (CFPB) and the state of California. The proposed rule has garnered attention from various news outlets, including CNBC, JDSupra, and ABC7 News Bay Area.
"Subjective Aspects of FTC's 'Junk Fee' Rule Likely to Cause Legal Departments Fits" "I think this just opens the door to a tremendous amount of litigation" https://t.co/X9GQPyuaHx
The FTC and CFPB Announce New Rules to Tackle Junk Fees https://t.co/HegWowFXrG
The FTC have proposed a ban on junk fees that will save consumers $10 billion in the next decade. https://t.co/SClm0zyWsq
The FTC Is Coming After Junk Fees @melissajourno https://t.co/NgFqrJhKqN
Biden wants to crack down on “junk fees." Here's what those are https://t.co/uTL09XGxqH
FTC Proposes a Rule on Junk Fees: What Companies Should Know https://t.co/1ZM7WfkOwH
FTC, CFPB, and California Crack Down on Hidden Fees https://t.co/H8M0H5ad1c
Hallelujah! Hidden "junk fees" -- those unavoidable hotel "resort fees," concert-ticket "convenience fees," etc. -- may finally be getting junked, thanks to a new rule from the FTC & other political/litigative pressures https://t.co/G4kORfqeux
FTC proposes new rule to ban junk fees, offer transparent pricing https://t.co/7dCIE6bxDW https://t.co/BNgyGk4DNx
My Administration is taking our most comprehensive action ever to eliminate junk fees across the economy. We're proposing rules that would ban hidden fees, mandate transparent pricing, and make clear that bank fees for services like checking your account balance are illegal. https://t.co/8tzYMiIUSc
FTC Releases Proposed Rule Targeting “Junk” Fees https://t.co/haTDLsMEhr
Junk fees are making companies billions of dollars richer. Here's where these fees tend to hide, and how you can avoid them. Watch the full video: https://t.co/Pvcx4K7Zdy https://t.co/mDq6Sxv501
FTC lays out new rule that could end hidden fees https://t.co/rqweVkDxgY https://t.co/4iwB7NVHoV