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FTC explores rule cracking down on junk fees
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Consumer Protection, Government Oversight, Nonbank Financial
Friday, November 4, 2022
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The Federal Trade Commission (FTC) has begun exploring a rule to crack down on “junk fees,” which the commission characterized as “unnecessary, unavoidable, or surprise charges that inflate costs while adding little to no value.” Commissioner Christine Wilson, the lone dissenter, expressed concern that the FTC was moving to quickly and that the proposal was too broad.
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