Junk fees are the nickel-and-diming charges that 'are unnecessary, unavoidable, or ... that inflate costs while adding little to no value.'
levied by all kinds of businesses that are making tens of billions annually a few bucks at a time. It appears there's so much involved with the proposed rulemaking that"interested parties" compelled the FTC to extend the process. The agency announced the comment period will run until February 8.Misrepresenting or not"clearly and conspicuously" disclosing"the total cost of any good or service for sale" in ads or marketing.
Misrepresenting or not disclosing if"fees, interest, charges, products or services are optional or required." Misrepresenting that a customer owes for"any product or service the consumer did not agree to purchase."Charging for"fees, interest, goods, services or programs that have little or no added value to the consumer or that consumers would reasonably assume to be included within the overall advertised price."
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