Three industry groups, including the Internet & Television Association, have filed a lawsuit against the Federal Trade Commission (FTC) to block its recently enacted 'Click to Cancel' rule. This rule mandates that subscription companies provide consumers with straightforward cancellation options, a measure aimed at enhancing consumer rights. The plaintiffs argue that the FTC has overstepped its authority with this regulation, which they describe as 'arbitrary' and 'capricious.' Other trade associations representing advertisers, newspapers, and surveillance providers have also joined the legal challenge against the FTC's decision. The lawsuit reflects ongoing tensions between regulatory bodies and industry groups over consumer protection measures.
#CFPB Finalizes Open Banking Rule, Challenge Follows Close Behind #finance #business https://t.co/eyn39u9FmR @PaigeSmithNews https://t.co/hv1OKx9YBa
Lawsuit Filed Challenging FTC’s Final Negative Option Rule https://t.co/BOatztXKkF | by @TroutmanPepper
Trade Group Challenges CFPB’s Buy Now Pay Later Rule https://t.co/CbKbbtoX2J #Money #ConsumerProtection #Government @SheppardMullin https://t.co/H952OoRr0C