Do you think the "click-to-cancel" rule by the FTC will lead to higher costs for consumers as the U.S. Chamber of Commerce suggested?
The "click-to-cancel" rule proposed by the FTC (Federal Trade Commission) is designed to make it easier for consumers to cancel subscriptions by requiring companies to offer a simple, user-friendly cancellation process similar to how people can easily sign up. The U.S. Chamber of Commerce has raised concerns that this rule could lead to higher costs for consumers because businesses might pass on the costs of compliance, such as redesigning websites and adjusting customer service systems. However, whether this will actually lead to higher prices for consumers is debatable. Proponents of the rule argue that it will increase competition and transparency, as businesses will no longer be able to rely on difficult cancellation processes to retain customers. This could force companies to improve service quality and pricing to retain subscribers. On the other hand, if companies incur significant costs to comply, some might pass these expenses on to consumers, at least in the short t...