"SEATTLE -- Amazon has reached a historic $2.5 billion settlement with the Federal Trade Commission, which said the online retail giant tricked customers into signing up for its Prime memberships and made it difficult for them to cancel after doing so. The Seattle company will pay $1 billion in civil penalties - the largest FTC fine in FTC's history, and $1.5 billion will be paid to consumers who were unintentionally enrolled in Prime, or were deterred from canceling their subscriptions, the agency said Thursday."
"The Seattle company will pay $1 billion in civil penalties - the largest FTC fine in FTC's history, and $1.5 billion will be paid to consumers who were unintentionally enrolled in Prime, or were deterred from canceling their subscriptions, the agency said Thursday. The trial in Seattle started this week after the case was filed two years ago. Amazon admits no wrong-doing in the settlement. It did not immediately respond to requests by The Associated Press for comment."
Amazon agreed to a $2.5 billion settlement with the Federal Trade Commission over practices that allegedly tricked customers into Prime and hindered cancellations. The company will pay $1 billion in civil penalties — the largest fine in FTC history — and $1.5 billion will be distributed to consumers who were unintentionally enrolled or were deterred from canceling. The trial in Seattle began this week after the case was filed two years ago. Amazon admitted no wrongdoing in the settlement and did not immediately respond to requests by The Associated Press for comment. A video note indicates footage is from a previous report.
Read at ABC7 Los Angeles
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