Cryptocurrency Q&A
What is the hidden fee law?
What is the hidden fee law?
CryptoLord
Tue Sep 10 2024
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7 answers
1711
Excuse me, could you please elaborate on the so-called "hidden fee law"? I'm curious to know if this is a specific legislation that targets undisclosed charges or fees in financial transactions, particularly in the realm of cryptocurrency and finance. Are there any specific regulations that have been enacted to protect consumers from being surprised by hidden costs? Could you provide some context or examples of how this law might apply in practice? Thank you for your insight.
7 answers
Ilaria
Thu Sep 12 2024
This legislation, effective from July 1, 2024, aims to ensure transparency in pricing for consumers.
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GyeongjuGlorious
Thu Sep 12 2024
The law prohibits most businesses from advertising or displaying prices for goods and services that do not fully encompass all necessary fees and charges.
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DigitalDragonfly
Thu Sep 12 2024
An exception to this rule is the inclusion of government taxes and shipping costs, which may be listed separately.
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TaekwondoPower
Thu Sep 12 2024
The "Honest Pricing Law," also known as the "Hidden Fees Statute," SB 478, has undergone recent amendments through SB 1524.
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SsangyongSpiritedStrengthCourageBravery
Thu Sep 12 2024
The primary objective of the law is to protect consumers from being misled by hidden or unexpected fees.
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