Corporations are trying to block another pro-consumer move by Lina Khan’s Federal Trade Commission (FTC).
The FTC passed a new Click to Cancel rule requiring companies to make it easier to cancel subscriptions. Instead of forcing people to jump through hoops to cancel a service, Khan is telling corporations that they have to make it as easy as a click to cancel gym memberships, streaming services, and any other subscriptions.1
Big business is suing to block this rule because it’s bad for corporate profits. This is the latest in a long line of attacks by corporations and CEOs who want the White House to fire Khan and appoint a business-friendly head of the FTC. But the people need a champion like Khan in government.
Billionaires, venture capitalists, and CEOs across the political spectrum are coming together to oppose Khan in order to protect their wealth and the profits of giant corporations.
Billionaires like Reid Hoffman and Marc Cuban have made explicit public statements calling for Khan to be fired.2 And it’s all because of Khan’s pro-consumer, pro-worker policies at the FTC. She’s taken on giant corporations like Amazon, Facebook, Lockheed Martin, and Novo Nordisk, and billionaire CEOs don’t like that.
On Click to Cancel and deceptive corporate tactics, Khan said, “The FTC’s rule will end these tricks and traps, saving Americans time and money. Nobody should be stuck paying for a service they no longer want.”3 Corporations are suing because they want to continue making it hard for people to cancel and save their hard earned money.
We must stand behind Khan, the most effective FTC chair we’ve had in decades, and take on the billionaire class and big corporations.
Thanks for taking action,
Joey and the team at Demand Progress
Sources:
- The Verge, “Guess who’s suing the FTC to stop ‘click to cancel,’” October 23, 2024.
- Bloomberg, “Lina Khan Is Just Getting Started (She Hopes),” October 9, 2024.
- Federal Trade Commission, “Federal Trade Commission Announces Final ‘Click-to-Cancel’ Rule Making It Easier for Consumers to End Recurring Subscriptions and Memberships,” October 16, 2024.
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