Comment by GolfPopper

The actual rule can be found here:

https://www.federalregister.gov/documents/2023/04/24/2023-07...

"the Commission must issue a preliminary regulatory analysis for a proceeding to amend a rule if the Commission: (1) estimates that the amendment will have an annual effect on the national economy of $100 million or more; (2) estimates that the amendment will cause a substantial change in the cost or price of certain categories of goods or services; or (3) otherwise determines that the amendment will have a significant effect upon covered entities or upon consumers."

The claim that this will have an "annual economic effect of $100 million or more" seems to fail a simple BS test. Corporations change their cancellation terms to be more honest, which is a one time change, and then keep them there. There is no "we have to work to stop defrauding people again this year" cost, they just obey the law and don't need to spend anything more. (It's not like they weren't maintaining "how to cancel" services in the first place. If anything, this lowers their overhead, but simplifying the byzantine cancellation process.)

The only prolonged impact will be to dishonest corporations bottom lines, not the "national economy". All that's happening here is a court saying "too big and too crooked to fail" and finding an excuse.