White House Targets Consumer Hassles with 'Time is Money' Initiative
New regulations aim to simplify subscription cancellations, improve customer service, and eliminate fake reviews to protect consumers' time and money.
- FTC proposes rules to make canceling subscriptions as easy as signing up.
- CFPB to regulate ineffective chatbots and ensure quick access to human representatives.
- DOT mandates automatic refunds for canceled or significantly altered flights.
- FCC investigates extending cancellation rules to telecom services.
- New regulations will also tackle fake reviews and deceptive endorsements.