Trade Regulation Rule on Unfair or Deceptive Fees
Abstract
The Federal Trade Commission ("FTC" or "Commission") recently published a notice of proposed rulemaking ("NPRM") in the Federal Register, titled "Rule on Unfair or Deceptive Fees," which would prohibit unfair or deceptive practices relating to fees for goods or services, specifically, misrepresenting the total costs of goods and services by omitting mandatory fees from advertised prices and misrepresenting the nature and purpose of fees. The NPRM announced the opportunity for interested parties to present their positions orally at an informal hearing. Seventeen commenters requested to participate at the informal hearing. The Commission's Chief Presiding Officer, the Chair, has appointed an Administrative Law Judge for the Federal Trade Commission, the Honorable Jay L. Himes to serve as the presiding officer of the informal hearing.
Federal Register Source
This document is published by the Office of the Federal Register, National Archives and Records Administration. Access the full regulatory text, preamble, and docket comments below.
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Frequently Asked Questions
What is the 2024-06468 Federal Register document?
Document 2024-06468 is a Proposed Rule published by the Federal Trade Commission in the Federal Register on March 27, 2024. The Federal Trade Commission ("FTC" or "Commission") recently published a notice of proposed rulemaking ("NPRM") in the Federal Register, titled "Rule on Unfair or Deceptive Fees," which would prohibit unfair or deceptive practices relating to fees for goods or services, specifically, misrepresenting the total costs of goods and services by omitting mandatory fees from advertised prices and misrepresenting the nature and purpose of fees. The NPRM announced the opportunity for interested parties to present their positions orally at an informal hearing. Seventeen commenters requested to participate at the informal hearing. The Commission's Chief Presiding Officer, the Chair, has appointed an Administrative Law Judge for the Federal Trade Commission, the Honorable Jay L. Himes to serve as the presiding officer of the informal hearing. View the original at https://www.federalregister.gov/documents/2024/03/27/2024-06468/trade-regulation-rule-on-unfair-or-deceptive-fees.
Is document 2024-06468 an economically significant rule?
No. Document 2024-06468 is not classified as economically significant under Executive Order 12866. Economically significant rules require OIRA review and are estimated to have impacts of $100 million or more per year.