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House Subcommittee Strengthens Consumer Protections | Legis1
House subcommittee hearing scheduled for 22 July will examine legislative proposals to strengthen consumer protections in online marketplaces, including restrictions on buy-now-pay-later schemes, subscription trap tactics, and counterfeit products. Proposals include restoring FTC monetary relief authority, requiring online marketplaces to notify users of recalled products, and implementing click-to-cancel rules for subscriptions.
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The Wire takeaway
If you run a buy-now-pay-later, subscription, or online marketplace platform in the US, the regulatory friction you've been avoiding is about to arrive: FTC authority to claw back consumer money is being restored, and click-to-cancel rules are moving through the House this month. Your customer acquisition economics just changed.
Read the full story at legis1.com →
Topics: Fintech · ftc-authority-restoration · buy-now-pay-later-regulation · marketplace-accountability · subscription-cancellation · counterfeit-crackdown