>”failed to conduct a preliminary analysis of the costs and benefits of the rule”
Let me get this straight. The rule is declared void because the FTC failed to consider the cost to business to correct unfair and predatory business practices. Courts to consumers: Heads we win, tails you lose.
They get to create rules despite being unelected. The catch is they have to follow the procedure for rule making in the law that grants them this power. Even if the rule is a very good idea.
I highly recommend using temporary cards for each online vendor you deal with.
I personally use Capital One Eno, a free service offered by one of my cards. This allows me to easily deactivate temporary cards without having to deal with the hassle of contacting customer service for companies, like Adobe, that make cancellations difficult. Additionally, I use private burner emails to register for the service and simply register again later if I want to use it at a later time.
Can’t this lead to pretty bad credit checks? Absolutely not defending the practice at all, but companies that charge an annual subscription paid monthly (like the leeches at Adobe) are generally allowed to report the cancellation as a delinquent account IIRC.
Yes, this only solves for them not being able to continue charging you, they would still be within their rights to continue to accrue debt in your name and report it to the credit agencies in this case, utterly ruining your credit and ultimately inundating you with calls from bill collectors.
Except, if you're in a bad position to dispute the credit card charge, you're probably in a bad position to dispute the debt as well. If whatever you signed up for had ironclad renewal clauses you'd find it very hard to wriggle out of it, temporary credit card or not.
>”failed to conduct a preliminary analysis of the costs and benefits of the rule”
Let me get this straight. The rule is declared void because the FTC failed to consider the cost to business to correct unfair and predatory business practices. Courts to consumers: Heads we win, tails you lose.
They get to create rules despite being unelected. The catch is they have to follow the procedure for rule making in the law that grants them this power. Even if the rule is a very good idea.
I highly recommend using temporary cards for each online vendor you deal with.
I personally use Capital One Eno, a free service offered by one of my cards. This allows me to easily deactivate temporary cards without having to deal with the hassle of contacting customer service for companies, like Adobe, that make cancellations difficult. Additionally, I use private burner emails to register for the service and simply register again later if I want to use it at a later time.
Can’t this lead to pretty bad credit checks? Absolutely not defending the practice at all, but companies that charge an annual subscription paid monthly (like the leeches at Adobe) are generally allowed to report the cancellation as a delinquent account IIRC.
Yes, this only solves for them not being able to continue charging you, they would still be within their rights to continue to accrue debt in your name and report it to the credit agencies in this case, utterly ruining your credit and ultimately inundating you with calls from bill collectors.
Thanks for bringing this up. I wasn’t aware this could happen, but it hasn’t happened to me yet. I’m a bit afraid to continue doing this now.
That's when you dispute the debt in writing and all that good stuff.
Except, if you're in a bad position to dispute the credit card charge, you're probably in a bad position to dispute the debt as well. If whatever you signed up for had ironclad renewal clauses you'd find it very hard to wriggle out of it, temporary credit card or not.
Might as well use gift cards at that point, since I think you’re probably leaking metadata to whoever provides the temp card service.
I miss Lina Khan.
Yes, and I miss the rule of law and less corruption too.