FTCFinal Rule
Trade Regulation Rule on Unfair or Deceptive Fees
Finance & BankingOther
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Summary
The FTC is cracking down on hidden and misleading fees that companies charge customers. This rule makes it illegal for businesses to hide fees or trick people into paying charges they didn't expect, protecting consumers from surprise bills and unfair pricing practices.
Key Points
- 1Companies must clearly disclose all fees before customers agree to buy something—no more hidden charges buried in fine print
- 2Businesses cannot use confusing language or tricks to make fees seem smaller or less important than they really are
- 3The rule applies to most industries including banks, subscription services, retailers, and service providers that charge fees
- 4Companies that violate this rule can face significant fines and penalties from the Federal Trade Commission
- 5Consumers can report deceptive fees to the FTC, and the agency will investigate and take action against violators
Key Dates
Published
January 10, 2025
This summary is for informational purposes only. It may not capture all nuances of the regulation. Always refer to the official text for authoritative information.
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