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Nick Fountain

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
496 total appearances

Appearances Over Time

Podcast Appearances

Planet Money
The Rest of the Story, 2025

And a big part of the story, if I recall correctly, was about the downsides of this explosion in subscriptions.

Planet Money
The Rest of the Story, 2025

You actually called the show the subscription trap.

Planet Money
The Rest of the Story, 2025

Because people are not just getting oversubscribed out of forgetfulness, a lot of companies have also been doing more nefarious things, like making it difficult to cancel on purpose.

Planet Money
The Rest of the Story, 2025

But it seemed like this might all be about to change.

Planet Money
The Rest of the Story, 2025

That's right.

Planet Money
The Rest of the Story, 2025

When we aired the show last fall, the Federal Trade Commission, the FTC, had just passed this new regulation called the Click to Cancel Rule.

Planet Money
The Rest of the Story, 2025

The rule was supposed to require companies to make it just as easy to leave a service as it was to sign up.

Planet Money
The Rest of the Story, 2025

And also, it would have put big fines on companies that did not do that.

Planet Money
The Rest of the Story, 2025

Then two big things happened.

Planet Money
The Rest of the Story, 2025

First, President Trump announced a new FTC chair named Andrew Ferguson, who actually voted against passing the click-to-cancel rule.

Planet Money
The Rest of the Story, 2025

He said it was ideologically motivated and rushed through.

Planet Money
The Rest of the Story, 2025

And second, a federal appeals court struck down the rule, citing procedural errors.

Planet Money
The Rest of the Story, 2025

Here's Ferguson talking to Fox News about it.

Planet Money
The Rest of the Story, 2025

Unfortunately, the previous administration, as they often did, cut tons of corners.

Planet Money
The Rest of the Story, 2025

They were more concerned about press releases than they were about delivering results for Americans.

Planet Money
The Rest of the Story, 2025

They skipped important procedural steps, and a court had to strike the rule down.

Planet Money
The Rest of the Story, 2025

But this is one of my priorities.

Planet Money
The Rest of the Story, 2025

Ferguson said the agency does still have another tool to fight subscription abuse, including the Restore Online Shoppers Confidence Act, or ROSCA for the real heads.

Planet Money
The Rest of the Story, 2025

And they're continuing to bring lawsuits against the most egregious offenders.

Planet Money
The Rest of the Story, 2025

So in summary, this rule that would have maybe gotten us out of the subscription trap is in a kind of limbo for now.