Cryptocurrency Q&A
What is the new law on hidden fees in California?
What is the new law on hidden fees in California?
Nicola
Wed Sep 11 2024
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6 answers
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I'm curious, could you elaborate on the new law in California regarding hidden fees? Specifically, how does it impact consumers and businesses alike? Are there any specific industries or transactions that this law targets? What penalties or fines may be imposed for violations of this law? And most importantly, when does this law go into effect? I'm looking forward to gaining a deeper understanding of this new legislation.
6 answers
CryptoChieftain
Fri Sep 13 2024
As of July 1, 2024, California has implemented a groundbreaking law aimed at enhancing consumer protection and transparency in financial transactions. This legislation prohibits hidden fees and deceptive pricing tactics known as "drip pricing," marking a significant step forward in safeguarding consumers' interests.
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Silvia
Fri Sep 13 2024
The new regulation applies broadly to a diverse range of businesses operating within the state's borders. It covers entities that sell or lease goods and services intended for personal use, ensuring that customers are fully informed about the true cost of their purchases.
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Lucia
Thu Sep 12 2024
The scope of the law extends beyond traditional retail establishments, encompassing resellers of various goods and services. This includes but is not limited to companies selling event tickets and online platforms, ensuring that no corner of the market escapes the reach of these consumer-friendly measures.
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Alessandra
Thu Sep 12 2024
Drip pricing, a particularly insidious practice, involves incrementally adding fees to a product or service without clearly disclosing the total cost upfront. This often catches consumers off guard, leading to unexpected expenses and dissatisfaction. The California ban on such practices aims to eliminate these unfair surprises.
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Chloe_jackson_athlete
Thu Sep 12 2024
The implementation of this law is a testament to California's commitment to fostering a fair and transparent business environment. By eliminating hidden fees and deceptive pricing tactics, the state is empowering consumers to make informed decisions and hold businesses accountable for their practices.
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