News for hackers. Stuff that matters.

A comment on The FTC wants to ban those tough-to-cancel gym and cable subscriptions. Parent comment

Re:The FTC wants to ban those tough-to-cancel gym and cable ... by dangwhy on Thursday March 23, 2023 @12:30PM (#35277273)
> but there may be a contractual agreement between you and a provider

Yes i understand my obligation to the vendor but why is the bank enforcing that ?

[ Parent | on HN ]
Re:The FTC wants to ban those tough-to-cancel gym and cable ... by pimterry on Thursday March 23, 2023 @12:54PM (#35277626)
That's your bank's (bad) choice I'm afraid - it's certainly not a requirement.

Revolut for example will let you see & block all subscriptions directly from the app: https://www.revolut.com/subscriptions/. In the UK, it's a legal requirement that all banks let customers block any recurring card payments on request (at least via phone/email/letter) with no questions asked, as long as you ask at least a day before the next payment: https://www.citizensadvice.org.uk/debt-and-money/banking/sto...

[ Parent | on HN ]
Re:The FTC wants to ban those tough-to-cancel gym and cable ... by whiterace1488 on Thursday March 23, 2023 @12:57PM (#35277671)
Why not? You don't want your bank to honour eg your electricity payments that you authorised? Or do you want your bank to cherry pick the transactions (you've already authorised) to honour?
[ Parent | on HN ]
Re:The FTC wants to ban those tough-to-cancel gym and cable ... by dangwhy on Friday March 24, 2023 @09:19AM (#35288658)
I want bank to let me control who i authorize payments to. Not sure why thats so hard to follow for you. Its pretty simple.

> bank to cherry pick the transactions

bank isn't doing the cherry picking. Customer is. How would the bank know what to cherry pick.

[ Parent | on HN ]
Re:The FTC wants to ban those tough-to-cancel gym and cable ... by zo1 on Thursday March 23, 2023 @01:21PM (#35278074)
In some countries, it's legislated and the banks are obligated to treat these things a certain way.
[ Parent | on HN ]
Re:The FTC wants to ban those tough-to-cancel gym and cable ... by dangwhy on Thursday March 23, 2023 @02:51PM (#35279544)
Is it the case in US? I remember looking but couldn't find anything but i was also not sure what exactly i was searching for.
[ Parent | on HN ]
Re:The FTC wants to ban those tough-to-cancel gym and cable ... by willcipriano on Thursday March 23, 2023 @06:42PM (#35282452)
The capital class has an easier time emphasizing with one of it's own over it's customers.
[ Parent | on HN ]