Hidden Fees news and trends

Will 99 Cents Burn Toast at the POS?
Platform Payments // June 26, 2023

After spending the last 20 minutes online deliberating over what you really need to round out your summer wardrobe, you’re ready to check out. You review your basket, apply the promo codes to get your discount, and check the total before clicking the buy button....

FTC Sends $9.7M in Fee Refunds to LendingClub Customers
Legal // August 12, 2022

The Federal Trade Commission (FTC) is sending over $9.7 million in payments to 61,990 customers who the FTC said were charged hidden fees from LendingClub, an FTC press release said. The FTC sued LendingClub in 2018 over the allegations that the company falsely promised loan...

CFPB Rails Against Costly Pay-By-Phone Fees
Security & Fraud // August 01, 2017

The Consumer Financial Protection Bureau warned companies  Monday (July 31) about  tricking consumers into expensive pay-by-phone fees. In a press release the government watchdog said it is concerned about the potential for companies to mislead consumers about the purpose and amount of certain pay-by-phone fees...

Quick Reads
FTC Finalizes ‘Bait and Switch’ Rule for Event Ticketing and Lodging Sectors

December 17, 2024
The FTC has unveiled a rule blocking “bait-and-switch” pricing for hotels and concert tickets. Such tactics, the Federal Trade Commission (FTC) said Tuesday (Dec. 17) are used by the live-event ticketing and short-term lodging sectors to mask total prices and hide junk fees. “People deserve to know up-front what they’re being asked to pay — without worrying that […]

FTC Sends $9.7M in Fee Refunds to LendingClub Customers

August 12, 2022
The Federal Trade Commission (FTC) is sending over $9.7 million in payments to 61,990 customers who the FTC said were charged hidden fees from LendingClub, an FTC press release said....

CFPB Rails Against Costly Pay-By-Phone Fees

August 01, 2017
The Consumer Financial Protection Bureau warned companies  Monday (July 31) about  tricking consumers into expensive pay-by-phone fees. In a press release the government watchdog said it is concerned about the...