FTC announces "click-to-cancel" rule making it easier to cancel subscriptions

The problem is actually in the payment system itself. A credit card number + expiry + ccv + name is essentially like giving out a username + password to your money. We hand out the same username / password to everybody and everything works on the honor system after that. At any given time there are likely hundreds of companies that have your username/password and can charge whatever they want at any time. If anything looks fishy, is up to you to investigate and get charges reversed.

Instead, I should be able to seamlessly create new credentials per vendor with expiration and limits. I should also be able to stop payment at any time.

I have paid for everything via credit card for 20+ years now, entering my credit card info online thousands of times, and have yet to have a fraudulent charge.

And if I do, I just call the number on the back of the card and they give the money back to me.

The system works 99% of the time, for billions and billions of transactions. Which is why it has stayed.

Edit: obviously, ideally, there would be a federal government constitutionally protected electronic payment system where people can push payments to one another.

> have yet to have a fraudulent charge

How carefully do you check? I check my statements line by line, and have found fraudulent charges twice in the past 30 or so years.