The days of jumping through an endless set of hoops to cancel your unwanted subscriptions may be numbered, thanks to a new set of proposals put forward by the government.
With its list of actions – entitled ‘Time is Money’ – the Biden-Harris administration says it will “crack down on all the ways that corporations… add unnecessary headaches and hassles to people’s days and degrade their quality of life”.
In addition to making it easier to cancel subscriptions and memberships, the wide ranging actions also include rules to introduce automatic cash refunds for canceled flights, allow people to submit health claims online, and improve customer service chatbots.
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Saving Time and MoneyThe Time is Money proposals were put out by the White House on behalf of President Biden and Vice President Harris in the form of a fact sheet.
“Americans are tired of being played for suckers,” it says, while decrying the excessive paperwork and long hold times that “pad the profits of big business at the expense of everyday Americans’ time and money”.
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The fact sheet sets out several areas on which the new rules would focus. It cites long wait times to claim refunds, hurdles faced to cancel gym memberships, complications caused by health insurance companies, lack of online facilities, and the requirement to complete “confusing, lengthy, or manipulative” forms.
“These hassles don’t just happen by accident. Companies often deliberately design their business processes to be time-consuming or otherwise burdensome for consumers, in order to deter them from getting a rebate or refund they are due or canceling a subscription or membership they no longer want—all with the goal of maximizing profits.” – The White House
It claims that such practices are “robbing” people of their time and money.
Governmentwide Crack Down on Unfair PracticesGovernmental departments such as the Federal Trade Commission (FTC), Department of Transportation’s (DOT), Department of Health and Human Services (HHS), Department of Labor (DOL), Consumer Financial Protection Bureau (CFPB) and Department of Education (DOE) contributed to the key actions: