The City Council on Thursday passed a bill to raise fines on price gouging and false advertising, brushing aside concerns from businesses that question an increase in fees at a time when many are struggling.
The legislation, sponsored by Councilwoman Margaret Chin, updates and increases penalties, sometimes up to $3,500, on all businesses for the first time in 52 years.
Mayor Bill de Blasio’s office supports the bill, deputy press secretary Laura Feyer said.
In an attempt to further modernize the statute, the bill targets specific predatory practices in the form of online deception or failure to provide proper translation documents for transactions conducted in a language other than English.
→ Continue reading at Crain's New York Business