The FTC says it wants a 'click to cancel' provision that covers 'everything from cosmetics to newspapers to gym memberships.'
The Federal Trade Commission is proposing amending a federal rule so consumers can more easily cancel recurring subscriptions, the agency announced Thursday.The proposal, which the agency says aims to cover "everything from cosmetics to newspapers to gym memberships," is another move by FTC chair Lina Khan to try to protect consumers in a digital economy.
Such a provision would help rescue consumers "from seemingly never-ending struggles to cancel unwanted subscription payment plans," an agency release reads.The FTC proposes amending the Negative Option Rule, established in 1973 to fight against unfair or deceptive practices around subscriptions or memberships.
Such a proposed rule would apply to all subscription features across all media with the aim of letting people cancel "without jumping through lots of hoops."Details: An amended rule would require "a simple cancellation mechanism," stipulations around what sellers can do to keep customers paying and requirements to remind consumers before automatic renewal.What to watch:
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