2025/07/16

There is no way to trade without deception



On July 8, 2025, the United States Court of Appeals for the Eighth Circuit vacated the Federal Trade Commission’s ("FTC") Click-to-Cancel Rule, which threatened to broadly impact businesses by requiring specific disclosures and simple cancellation methods for negative option marketing, auto-renewal plans, and free trial offers.

Had Click-to-Cancel Rule gone into effect, the rule would have imposed three core requirements on businesses:

  • Transparent Disclosure: Businesses would have been required to disclose a comprehensive list of material terms immediately adjacent to the point where a customer would consent to the terms, prior to the collection of payment information.
  • Proof of Consent: Companies would need to retain verifiable proof of consumer consent to these terms.
  • Simple Cancellation: Businesses would be mandated to provide a simple method of cancellation, designed to be as easy to use as the enrollment process.

The Eighth Circuit vacated the rule, finding that the FTC failed to follow its own internal rulemaking procedures by not preparing the required preliminary analysis despite the rule's substantial economic impact.

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