Consumer Online Payment Transparency and Integrity Act protects consumers from automatic renewals and hidden charges.
The Consumer Online Payment Transparency and Integrity Act mandates that sellers clearly disclose automatic renewal provisions and cancellation procedures in contracts. It requires sellers to obtain express informed consent from consumers before charging for automatic renewals, especially if the consumer has not used the service for six months. The Federal Trade Commission will enforce this Act, treating violations as unfair or deceptive practices. The Act also voids automatic renewals in case of violations and requires refunds.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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