Create Honesty in Recurring Credit Billings
Today, many companies create revenue through recurring credit card charges. Consumers are not always clearly notified of these charges at the outset; and companies do not always notify consumers when these recurring charges occur. This results in millions of dollars of money lost to consumers, as many consumers do not notice these charges on their card statements.
We petition for a law that creates the following required disclosures:
-Clear and concise disclosure and explicit consumer affirmation to any recurring credit card charges.
-Notification by email whenever a credit card is charged.
-A simple and clear method to opt-out from the recurring charge
We believe millions of consumers will benefit from this simple expedient.