00:00It's Benzinga, bringing Wall Street to Main Street.
00:02New York City on Thursday became the first municipality to adopt a click-to-cancel rule
00:06for automatically renewing subscriptions, according to CNBC. The rule requires businesses
00:11to make cancellations easier and gives the city authority to enforce protections locally.
00:16More than half of states already have rules governing automatic renewals.
00:20The FTC's 2024 national click-to-cancel rule was challenged by business groups and
00:25vacated by a federal appeals court in July 2025 on procedural grounds. The FTC may revisit a
00:32federal click-to-cancel rule after seeking public input this year on updating its negative options
00:37rule, though the timing and scope remain uncertain. U.S. adults spend an average of $1,080 annually on
00:43subscriptions, including $205 on services they no longer use. For all things money, visit Benzinga.com.
