Federal Trade Commission Rule Gives Relief From Unwanted Trials & Subscriptions
Sunday, March 26th, 2023 -- 10:12 AM
(CNN) -New 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.
The proposed rule change announced Thursday would apply to vast swaths of the US economy, covering both digital and physical subscriptions. Products subject to the new rule would include gym memberships, digital streaming and e-commerce, cable TV service, traditional print media and more. The FTC regulation could hit some of America's biggest retailers and online platforms and a huge range of smaller businesses. It would affect millions of consumers in virtually every aspect of their lives, as subscription-based goods and services have become commonplace in industries as varied as music distribution, video gaming and pet care.
Americans should not have to jump through hoops or be hounded by unwanted retention offers just to cancel their subscriptions, FTC Chair Lina Khan told reporters on a conference call Wednesday.
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