FTC to Hold Virtual Informal Hearing on April 24, 2024 As Part of its Review of the Proposed Rule Prohibiting Junk Fees

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Summary:

The Federal Trade Commission (FTC) is holding a virtual informal hearing on April 24, 2024, to discuss its proposed Rule on Unfair or Deceptive Fees, also known as junk fees. The proposed rule aims to prohibit businesses from charging hidden and bogus fees, ensuring consumers know the total cost of a product or service. The hearing will allow 17 commenters to present their positions orally, with written submissions also accepted within 14 days. The event will be conducted virtually, with the webcast link to be posted on the FTC's website.

Gist: The FTC is seeking public input on its proposed rule to prohibit junk fees and ensure transparency in pricing.