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Kiplinger
Kiplinger
Business
Sean Jackson

NYC Is Trying to Stop 'Subscription Traps': What Are Those, and Are Other Places Next?

A hand overturns scrabble tiles reading no hidden fees.

The processing fee that almost doubles your concert ticket or the subscription you have to jump through endless hoops to cancel — these aren't accidents. They're tactics designed to drain your wallet.

Thankfully, the tide is finally turning. New York City Mayor Zohran Mamdani recently announced a proposed major crackdown on these practices. New rules would require companies to provide up-front pricing and a "one-click" cancellation rule. And New York isn't the only place putting in restrictions.

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