Amazon to Refund Customers $1.5 Billion in FTC Settlement Over Prime Subscription Practices
21 hours agoBusiness
52LENS
1 SourcesConnecticut, United States
TBNthebalanced.news
Amazon to Refund Customers $1.5 Billion in FTC Settlement Over Prime Subscription Practices

Amazon will pay $1.5 billion in refunds to customers as part of a $2.5 billion settlement with the Federal Trade Commission (FTC). The settlement addresses allegations that Amazon used deceptive practices to enroll users in Prime subscriptions and hindered their ability to cancel. Tens of millions of customers may be affected. Payout amounts will vary based on subscription history and the number of eligible claims. The FTC is expected to detail the claims process soon, with payments anticipated to begin this month.

Political Bias
33%34%33%
Sentiment
55%