Key Updates:

• California’s “drip pricing” law, which will limit how businesses can present fees and prices, is set to come into effect July 1, 2024.
• On May 8, 2024, California Attorney General Rob Bonta issued guidance on the new law.
• On May 20, 2024, Minnesota Governor Tim Walz signed a bill banning practices related to hidden and deceptive fees. The law will come into effect January 1, 2025.
• Several other states, including Connecticut and New York, have also introduced legislation on fees and advertised prices.
• At the federal level, on April 24, 2024, the Federal Trade Commission (FTC) held an informal hearing on its proposed rule prohibiting unfair or deceptive fees, first announced in October 2023.
• President Biden has also targeted so-called junk fees, highlighting his administration’s efforts in March’s State of the Union address.