The U.S. Federal Trade Commission sued financial technology company Dave Inc in Los Angeles on Tuesday, accusing it of luring ...
This week, the U.S. Federal Trade Commission (FTC) issued its final “click-to-cancel” rule that will force businesses to make it as easy to cancel a subscription as it was to sign up.
"Too often, businesses make people jump through endless hoops just to cancel a subscription," FTC Commission Chair Lina Khan said in a news release. "The FTC's rule will end these tricks and traps ...
Regulators say it should be as easy to cancel as it is to sign-up. We’ll discuss the specifics of the new FTC rule.
Khan. "The FTC's rule will end these tricks and traps, saving Americans time and money." The regulation comes after an ongoing review of the FTC's Negative Options Rule of 1973. Negative options ...
The FTC will also require businesses to clearly disclose the terms of their subscriptions and get customer consent before charging them. The rule, which was first proposed last year, applies to ...
The FTC voted 3-2 on Wednesday to approve the rule after a surge in consumer complaints about recurring subscription practices over the past five years, as the commission received an average of ...
accusing it of luring users to its personal finance app by advertising cash advances of up to $500 that many never receive. Very few users are offered the full amount advertised, and many are not ...