India, July 9 -- A U.S. federal appeals court has struck down the Federal Trade Commission's "click-to-cancel" rule, citing a procedural misstep just days before it was set to take effect.
The regulation, introduced as part of the Biden administration's "Time is Money" initiative, aimed to make it easier for consumers to cancel recurring subscriptions and memberships such as gym, streaming, or e-commerce services as easily as they were initiated.
The FTC had proposed requiring businesses to clearly disclose when free trials or promotional offers would end, obtain consent before charging customers, and offer a straightforward cancellation option.
However, the Eighth Circuit Court ruled that the agency failed to conduct a necessary prelimi...