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FTC RIN: 3084-AB77 Publication ID: Spring 2024 
Title: Unfair or Deceptive Fees Trade Regulation Rule 
Abstract:

On November 8, 2022, the Federal Trade Commission issued an advance notice of proposed rulemaking to address certain deceptive or unfair acts or practices relating to fees. 87 FR 67413 (Nov. 8, 2022). American consumers, workers, and small businesses today are swamped with junk fees that frustrate consumers, erode trust, impair comparison shopping, and facilitate inflation. A Commission rule codifying prohibitions against or limitations on certain kinds of prevalent unfair or deceptive fee practices could protect consumers and bring greater price transparency to the marketplace. The Commission solicited written comment, data, and argument concerning the need for such a rulemaking to prevent persons, entities, and organizations from imposing such fees on consumers. The public comment period as extended closed on February 8, 2023.

 

On November 9, 2023, the Commission issued a notice of proposed rulemaking to promulgate a trade regulation rule entitled 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. 88 FR 77420 (Nov. 9, 2023). The extended public comment period closed on February 7, 2024. On April 24, 2024, the Commission held an informal hearing at the request of eight commenters. Seventeen commenters participated at the informal hearing.

 
Agency: Federal Trade Commission(FTC)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Undetermined  Unfunded Mandates: Undetermined 
CFR Citation: 16 CFR 464   
Legal Authority: 15 U.S.C. secs. 41 to 58   
Legal Deadline:  None
Timetable:
Action Date FR Cite
ANPRM  11/08/2022  87 FR 67413   
ANPRM Extended Comment Period End  02/08/2023  88 FR 4796   
NPRM  11/09/2023  88 FR 77420   
NPRM Comment Period Extended  01/02/2024  89 FR 38   
NPRM Extended Comment Period End  02/07/2024 
Notice of Informal Hearing  03/27/2024  89 FR 21216   
Informal Hearing  04/24/2024 
Next Action Undetermined  07/00/2024 
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
International Impacts: This regulatory action will be likely to have international trade and investment effects, or otherwise be of international interest.
RIN Information URL: https://www.ftc.gov/news-events/news/press-releases/2023/10/ftc-proposes-rule-ban-junk-fees; https://www.ftc.gov/news-events/news/press-releases/2023/12/federal-trade-commission-extends-public-comment-period-proposed-rule-prohibiting-junk-fees-30-days  
RIN Data Printed in the FR: No 
Agency Contact:
Janice Kopec
Attorney
Federal Trade Commission
600 Pennsylvania Avenue NW,
Washington, DC 20580
Phone:202 326-2550
Email: jkopec@ftc.gov

Edwin Rodriguez
Attorney
Federal Trade Commission
600 Pennsylvania Avenue NW,
Washington, DC 20580
Phone:202 326-3147
Email: erodriguez@ftc.gov