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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2024-01-17T22:06:00
A proposed “click to cancel” rule by the Federal Trade Commission (FTC) is not necessary, too broad, and would harm mom-and-pop companies, according to business allies and trade groups.
The business groups, including the Interactive Advertising Bureau and International Franchise Association, made their case against the FTC’s proposed amendments to its negative option rule at an informal hearing by the agency Tuesday. The hearing was held as the FTC prepares to move into final rulemaking on a proposal it says is necessary to halt deception around subscription services.
The proposed changes would modernize the agency’s 50-year-old subscriptions and recurring payments regulations, particularly regarding online purchases, and aim to make it easier for people to cancel subscriptions and be completely informed when they sign up for them.
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News and analysis for the well-informed compliance or audit exec.
Annual Membership best value
Subscribe now for $365
Our lowest price ($1 per day) for one year.
Register for free
Receive the CW newsletter and access CPE webcasts.
2024-04-29T18:50:00Z By Jeff Dale
Kitchen and home retail company Williams-Sonoma agreed to pay nearly $3.2 million for failing to comply with a 2020 administrative order by the Federal Trade Commission prohibiting its marketing of imported goods as made in the United States.
2024-03-11T18:58:00Z By Jeff Dale
The appointments of two new commissioners on the Federal Trade Commission were confirmed, with the Democratic-led agency welcoming Republicans Andrew Ferguson and Melissa Holyoak.
2024-01-09T21:03:00Z By Kyle Brasseur
Data broker Outlogic will be subject to the Federal Trade Commission’s first ban on the use, sale, or disclosure of sensitive location data as part of a proposed order announced by the agency.
2024-07-24T15:50:00Z By Aaron Nicodemus
Financial institutions holding Russian sovereign assets that have not reported them to the Treasury Department’s Office of Foreign Assets Control are now required to do so by Aug. 2.
2024-07-23T12:29:00Z By Ruth Prickett
Compliance officers should take note of proposed laws in the U.K. with the newly elected Labor government setting the legislative agenda in the King’s Speech last week, promising consultations on enhanced employee rights and a higher minimum wage.
2024-07-22T15:50:00Z By Aaron Nicodemus
Four federal banking regulators have joined the Treasury Department’s Financial Crimes Enforcement Network in issuing a notice of proposed rulemaking that would require financial institutions to conduct more thorough risk assessments on their anti-money laundering/countering the financing of terrorism programs.
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