S.2266

Consumer Online Payment Transparency and Integrity Act mandates clear disclosure of automatic renewals and cancellation procedures in contracts.

The Consumer Online Payment Transparency and Integrity Act requires sellers to clearly disclose automatic renewal provisions and cancellation procedures in contracts. It mandates that sellers inform consumers of automatic renewals at least 7 days before the renewal period and provide easy-to-use cancellation mechanisms. It also voids automatic renewals if these requirements are not met and requires refunds for affected consumers. The Federal Trade Commission enforces these provisions.