New collection (Request for a new OMB Control Number)
No
Regular
11/09/2023
Requested
Previously Approved
36 Months From Approved
163,636
0
245,454
0
0
0
The Federal Trade Commission (âFTCâ or âCommissionâ) is proposing the promulgation of a trade regulation rule, titled "Rule on Unfair or Deceptive Fees," under the authority of Section 18 of the Federal Trade Commission Act, (âFTC Actâ), 15 U.S.C. 57a(b)(2).
The proposed regulations contain one requirement that constitutes a collection of information. Specifically, the Commission is proposing to require businesses that exclude an amount from the Total Price that they display, advertise, or offer to consumers to disclose the refundability of such fees (hereinafter, referred to as ârefundability disclosure requirementâ). If the Commission finalizes the proposed requirement, such disclosures will be required only when an amount is excluded from the Total Price, which will only be permitted for Government Charges, Shipping Charges, and optional charges. The disclosures will have to be made clearly and conspicuously, meaning that they have to be provided in a manner that is difficult to miss (i.e., easily noticeable) and easily understandable.
US Code:
15 USC 57a
Name of Law: Federal Trade Commission Act
The Federal Trade Commission (âFTCâ or âCommissionâ) proposes to promulgate a trade regulation rule, titled "Rule on Unfair or Deceptive Fees," under the authority of Section 18 of the Federal Trade Commission Act, (âFTC Actâ), 15 U.S.C. 57a(b)(2), which grants the FTC the authority to promulgate, modify, or repeal trade regulation rules that define with specificity acts or practices that are unfair or deceptive in or affecting commerce within the meaning of Section 5(a)(1) of the FTC Act, 15 U.S.C. 45(a)(1).
The Notice of Proposed Rulemaking (âNPRMâ) proposes one requirement that constitutes a collection of information for purposes of the PRA. Specifically, the NPRM proposes to require businesses that exclude an amount from the Total Price that they display, advertise, or offer to consumers to disclose the refundability of such fees (hereinafter, referred to as ârefundability disclosure requirementâ).
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.