FTC delays subscription cancellation rule enforcement

The Federal Trade Commission has delayed the implementation of a new rule designed to simplify subscription cancellations, pushing back the effective date. The delay is due to complexities in the regulatory process. The rule, approved in October, was intended to make it easier for consumers to cancel subscriptions like gym memberships and online services. It would require a straightforward cancellation process, preventing businesses from creating obstacles. The FTC is now scheduled to begin enforcing the rule on July 14, after a 60-day delay. The rule aims to protect consumers from deceptive practices related to automatic renewals and negative option features.