The Securities and Exchange Commission has a message for celebrities eyeing paid deals to promote cryptocurrencies: Disclose you’re getting paid, or else.
A viral TikTok trend from last year resulted in several Hyundai and Kia models being joyridden by the ‘Kia Boys,’ a group of thieves stealing cars in Milwaukee.
TikTok CEO Shou Zi Chew is testifying before the House Energy and Commerce Committee today, where he will desperately attempt to present the app as a safe and massively popular “sunny corner of the internet” and not a surreptitious surveillance tool for the Chinese government. He wants them not to ban the nation’s…
The Federal Trade Commission is looking to do away with hard to cancel subscriptions—aren’t we all? A new proposal from the FTC would require merchants to make it easier for consumers to remove themselves from so-called free trials or recurring subscriptions with an updated policy the commission refers to as “click to…
We’re getting a look at Blue Beetle very soon. The Flash movie seems to have some very surprising content. Robert Eggers’ Nosferatu gets a new synopsis. Plus, what’s coming on Superman & Lois, and the final season of Titans gets a new look. Spoilers get!
On Thursday, the investment research firm Hindenberg Research released a report alleging Jack Dorsey’s digital payments company Block has committed massive fraud, especially with the help of its well-known Cash App.
You might not have to go to great lengths to cancel subscriptions in the future. The Federal Trade Commission is proposing rule changes that would require providers to make it as easy to cancel subscriptions as it is to sign up, including through the same medium. If it only takes a few clicks to join an online fitness class, for instance, you should have the option to cancel online in just as many steps.
The proposal would also let you decline to hear pitches for additional offers when you want to cancel service. Providers would have to provide annual reminders of renewals for subscriptions to anything besides physical goods, the FTC says. Other rule updates would require clear explanations of what people are getting and bar misleading claims.
The FTC’s effort would revise the Negative Option Rule from 1973, and would echo European Union policy on subscriptions. This will ideally prevent companies from either fooling customers into paying for services they don’t want or are done using, commission Chair Lina Khan says. It’s also meant to prevent the all-too-common tactic of forcing customers to call or visit a store in order to make the cancellation process difficult.
The proposal doesn’t outline specific penalties for violations. It’s not clear how effective the updated rules would be at deterring offenders. If implemented, though, the approach could make it easier to experiment with services. You could subscribe for a few months without worrying that you’ll struggle to cancel your plan. Telecoms, meanwhile, might also have to let you leave without making last-ditch offers or asking you to talk to a shop clerk.
This article originally appeared on Engadget at https://www.engadget.com/ftc-wants-to-make-it-easier-for-you-to-cancel-subscriptions-142649542.html?src=rss
The law, which took effect Sunday, has been placed on hold after abortion-rights supporters argued that it harms pregnant women and violates the state constitution.
Lenovo is back with its latest batch of gaming laptops, including models in its new LOQ lineup. The laptops are notable due to their relatively slim designs.
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