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Stock impact report

‘Click to cancel' bills in Congress target consumer subscriptions that are hard to ditch [CNBC]

Chegg, Inc. (CHGG) 
Last chegg, inc. earnings: 2/10 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investor.chegg.com/overview/default.aspx
Company Research Source: CNBC
The measures all have come after a federal appeals court struck down the FTC's version of such a rule in July, about a week ahead of it taking effect. More than half of states have laws in place to address problems with subscriptions, which often includes requiring companies to make cancellations easier. Maskot | Maskot | Getty Images Efforts in Congress to create a federal “click to cancel” rule — intended to make canceling subscriptions as easy as it is to sign up for them — have ramped up. A bipartisan House bill called the Unsubscribe Act was introduced in mid-January as a companion to a Senate measure proposed in July. Among other provisions, it would require companies that offer subscriptions to provide easy cancellations and to get consumers ' approval before charging them after a free or reduced-cost period. The measure joins two other bills floated in July — one in each the House and Senate — that generally would reinstate a click-to-cancel rule from the Federal Tr Show less Read more
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