Buying a franchise is a major financial commitment for consumers. The Franchise Rule was put in place to ensure consumers have key information to weigh the risks and benefits of their potential investment. As part of its ongoing regulatory review process, the FTC is hosting an online workshop, Reviewing the Franchise Rule, on Tuesday, November 10, 2020. Check out the just-released agenda.
FTC Bureau of Consumer Protection Director Andrew Smith will convene the virtual workshop at 1:00 ET. The next speaker will be Congressman Kevin Hern of Oklahoma.
Reviewing the Franchise Rule features three panels, each offering insights from franchisors, franchisees, and law enforcers. The first panel will focus on Financial Performance Representations: What Should be Disclosed? And Why?
Next on the agenda will be a discussion of Disclaimers, Waivers, & Questionnaires.
The final panel of the day will consider The Pros and Cons of the Current FDD (Franchise Disclosure Document) Format. Lois Greisman, Associate Director of the FTC’s Division of Marketing Practices will offer closing remarks at 4:30 ET.
We’re leaving the public record open, so you’ll have until December 17, 2020, to file public comments at regulations.gov about the issues discussed at the workshop.
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