Cryptocurrency Q&A
What is the FTC junk fee rule?
What is the FTC junk fee rule?
Sara
Tue Oct 15 2024
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7 answers
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The FTC junk fee rule is a proposed regulation by the US Federal Trade Commission to ban businesses from charging consumers with bogus and hidden fees. This rule aims to protect consumers from being overcharged with unnecessary and undisclosed costs.
7 answers
Federico
Wed Oct 16 2024
Additionally, the proposed measure encourages businesses to compete based on offering the most competitive prices, fostering a healthy market environment.
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SumoHonor
Wed Oct 16 2024
This shift towards transparency will ultimately lead to greater trust between businesses and their customers, strengthening the overall economy.
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KimonoGlitter
Wed Oct 16 2024
The impending regulation aims to eradicate deceptive practices in the business landscape, particularly those involving the imposition of hidden and spurious charges.
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TopazRider
Wed Oct 16 2024
By outlawing such practices, the rule seeks to empower consumers with transparency and clarity regarding their financial transactions.
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SeoulSerenitySeekerPeace
Wed Oct 16 2024
Moreover, the rule promotes fair play, ensuring that no company has an unfair advantage over its competitors through the use of misleading fees.
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