Schumer seeks notice of fee in online returns

(AP) - Plan on returning some gifts this holiday?It may cost you up to 25 percent of the cost of the item and, if itwas

ALBANY - (AP) - Plan on returning some gifts this holiday?It may cost you up to 25 percent of the cost of the item and, if itwas purchased online, you may not have a clue about that"restocking fee."

U.S. Sen. Charles Schumer is asking the Federal Trade Commissionto end that. He wants the FTC to determine if failing to disclosethe restocking fee is a deceptive practice and to require retailersto prominently display that the fee will be charged.

The New York Democrat says a restocking fee is an importantelement for consumers to consider when choosing where to buy.

The FTC says it has no position on the issue.

Several states including New York, Arizona, Pennsylvania, NewJersey and California require restocking fees to be prominent atstores.

advertisement | advertise on News 12

Trending Video

Videos from inside the halls and classrooms of 1 Videos capture violent fights inside M.S. 232
News 12 The Bronx asked residents what they 2 Word on the Street: Inauguration Day
A look at the highlights of the 2017 3 Highlights from the 2017 People's Choice Awards
The Buzz: Bronx 3-month old dies after alleged 4 The Buzz: Bronx 3-month old dies after alleged abuse
VIDEO: Nonprofit opens food pantry at East Bronx 5 VIDEO: Nonprofit opens food pantry at East Bronx Academy

advertisement | advertise on News 12

Features

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE