Partner Margaret Krawiec, counsel Paul Kerlin and associates Todd Kelly and Chelsea Cooper discuss the Biden administration’s use of agency enforcement and rulemaking to combat junk fees. In addition to efforts targeting “add-on” fees in the auto industry and addressing unwanted subscriptions, the FTC issued a notice of proposed rulemaking for its Trade Regulation Rule on Unfair or Deceptive Fees, which would broadly ban — without limitation to particular industries — unfair or deceptive fees.
Copyright 2024 Bloomberg Industry Group, Inc. (800-372-1033) Reproduced with permission. FTC's Accelerating Agenda for Wide-Ranging Enforcement Against Junk Fees