Consumer Fee Transparency

1. **ONE-SENTENCE SUMMARY:** SB241 aims to enhance consumer protection by requiring businesses to be transparent about any fees charged to consumers. 2. **KEY REQUIREMENTS:** - Clearly disclose all fees to consumers before a transaction is completed. - Ensure that fee information is easily accessible and understandable. - Update any marketing materials to reflect fee transparency. 3. **DEADLINES:** - The bill will take effect on a date specified after it is passed (check for updates on the effective date). 4. **PENALTIES:** - Businesses that fail to comply may face fines or other enforcement actions from the state’s consumer protection agency. 5. **SMB IMPACT:** Small businesses will need to review and possibly revise their pricing strategies and marketing materials to ensure they comply with the new fee transparency requirements, which may involve additional administrative work.