The FTC is seeking to crack down on companies that make canceling subscriptions difficult after a slew of complaints. The agency is seeking to establish a simple, click-to-cancel option for subscriptions.
The agency is seeking to establish a simple, click-to-cancel option for subscriptions, the Wall Street Journal reported, rather than the complicated, and as the FTC argued, predatory, ways that some companies use to attempt to confuse consumers to continue buying subscriptions.“Companies should not be able to manipulate consumers into paying for subscriptions that they don’t want,” FTC Chairwoman Lina Khan said, the Verge reported. “We get countless complaints about this.
Companies have increasingly turned to subscriptions as a way to boost revenue. Revenue from subscriptions grew 300% between 2012 and 2018. The COVID-19 pandemic caused another boom in subscription popularity, which companies have continued to ride, even as other consumer patterns have reverted to pre-pandemic levels.
A 2016 survey from Hiatus found that 70% of respondents continued paying for unwanted subscriptions because they forgot to cancel before the automatic renewal point. It is this topic specifically that the FTC is looking to tackle.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Proud Boys Witness Was Actually a Government Informant, Federal Prosecutors RevealDefense attorneys have demanded an emergency hearing over the disclosure.
Weiterlesen »
Federal appeals court blocks Biden’s vaccine mandate for US government workersThe 5th US Circuit Court of Appeals in New Orleans rejected arguments that Biden, as the nation’s chief executive, has the same authority as the CEO of a private corporation to require that employe…
Weiterlesen »
A federal court has blocked Joe Biden’s COVID-19 vaccine mandate for U.S. government workersThe ruling maintains the status quo for federal employee vaccines. It upholds a preliminary injunction blocking the mandate issued by a federal judge in January 2022.
Weiterlesen »
Congresswoman Sheila Jackson Lee calls on federal government to stop TEA takeover of HISDTexas Congresswoman Sheila Jackson Lee is calling on the federal government to intervene to stop the Texas Education Agency takeover of the Houston Independent School District.
Weiterlesen »
Federal court rejects Biden vaccine mandate for federal workersThe U.S. Court of Appeals for the Fifth Circuit in New Orleans has upheld a lower court ruling blocking President Joe Biden's COVID-19 vaccine mandate from being enforced.
Weiterlesen »
FTC wants to make it easier for consumers to cancel free trials and subscriptions | CNN BusinessNew rules from the US government could soon let Americans more easily cancel free trials and subscriptions they no longer want, according to the Federal Trade Commission.
Weiterlesen »