State credit unions shouldn’t be subject to FTC fees proposal
The Federal Trade Commission (FTC) should avoid subjecting not-for-profit, well-regulated state credit unions to its proposal against unfair or deceptive practices related to fees for goods or services, America’s Credit Unions wrote to the agency Monday. The FTC’s proposal—which targets bad actors who misrepresent the nature of certain fees—acknowledges it does not hold jurisdiction over …
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