New York City seeks to implement ban on deceptive subscription practices
Summary
New York City plans to ban confusing subscription practices that trap customers into paying for unwanted services like gyms or streaming. The city also wants companies to show all mandatory fees upfront so customers know the total price before buying or renting.Key Facts
- The new rule to stop deceptive subscriptions starts October 1.
- Companies must offer an easy way to cancel subscriptions or face fines up to $525 per user.
- The city aims to stop “junk fees” that hide extra costs in prices for apartments, events, and more.
- Sellers must show the full price, including all fees, before customers buy or rent.
- About 70% of New Yorkers rent, and hidden fees make housing more expensive than advertised.
- If approved, rental ads must include all mandatory fees in the monthly price.
- The city’s consumer protection office is led by Samuel AA Levine, a former FTC official.
- These rules respond to long-standing problems with unclear pricing and high fees hurting consumers.
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