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Amazon has agreed to pay $2.5 billion to settle a lawsuit from the Federal Trade Commission (FTC) over allegations that it duped users into paying for Prime subscriptions and made it hard to cancel memberships. The company will be required to pay a $1 billion civil penalty and provide $1.5 billion in refunds to an … Read more
The Amazon Prime logo is displayed on the side of an Amazon delivery truck in Richmond, California, on June 21, 2023. Justin Sullivan | Getty Images Amazon will pay $2.5 billion to settle Federal Trade Commission allegations that the company duped users into paying for Prime memberships, the regulatory agency announced Thursday. The surprise settlement … Read more
Bloomberg | Bloomberg | Getty Images Amazon and the Federal Trade Commission are squaring off in a long-awaited trial over whether the company duped users into paying for Prime memberships. The lawsuit, filed by the FTC in June 2023 under the Biden administration, alleges that Amazon deceived tens of millions of customers into signing up … Read more
Back in 2019, the U.S. Federal Trade Commission (FTC) sued the dating app giant Match Group, accusing it of deceiving Match.com users into purchasing subscriptions through misleading means. Now, after six years, the company — which operates popular dating apps Match, Tinder, OkCupid, Hinge, and Plenty of Fish — has agreed to a $14 million … Read more
The FTC is suing Uber over claims it engages in “deceptive” billing and cancellation practices through its subscription service, Uber One. The agency is alleging that Uber misled its users about potential savings and made cancellation difficult, violating consumer protection laws. The agency claimed that some users had to click through up to 23 pages … Read more
Hi there, welcome to TechCrunch’s regular fintech newsletter. We’re going on hiatus for a bit, but you can still find our must-see fintech coverage, including my columns and our daily analysis and breaking news stories, at TechCrunch.com. If you want those stories and much more in your inbox every day, sign up for our daily … Read more
The Consumer Financial Protection Bureau (CFPB) has hit UK-based remittance company Wise with about a $2 million fine for what it described as “a series of illegal actions.” Those actions include advertising inaccurate fees and failing to properly disclose exchange rates and other costs, the CFPB alleges. Specifically, the agency claims that the fintech company … Read more
https://www.profitablecpmrate.com/nsirjwzb79?key=c706907e420c1171a8852e02ab2e6ea4