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Effective Date: Negative Option Rule

AGENCY:

Federal Trade Commission.

ACTION:

Final rule.

SUMMARY:

The Federal Trade Commission (“FTC” or “Commission”) issues final amendments to the Commission’s trade regulation “Rule Concerning Use of Prenotification Negative Option Plans,” retitled the “Rule Concerning Recurring Subscriptions and Other Negative Option Programs” (“Rule,” “final Rule” or “Negative Option Rule”). The final Rule now applies to all negative option programs in any media. This document also contains the text of the final Rule, the Rule’s Statement of Basis and Purpose (“SBP”), and a final regulatory analysis.

DATES:

Effective date: This rule is effective January 14, 2025.s to determine whether the loan no longer shares similar risk characteristics with other loans and should be reviewed individually when determining an appropriate allowance for credit loss. Management should also determine whether the loan is collateral-dependent.13

https://www.federalregister.gov/documents/2024/11/15/2024-25534/negative-option-rule

  • January 14, 2025
  • Time: All Day
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