FTC Returns More Than $482 Million to Consumers in 2020

More than 50 different FTC cases resulted in distributions to consumers in 2020.

Metadata
Provider: 
FTCFTC
URL: 
https://www.ftc.gov/news-events/press-releases/2021/01/ftc-returns-more-482-million-consumers-2020https://www.ftc.gov/news-events/press-releases/2021/01/ftc-returns-more-482-million-consumers-2020
Retrieved on: 
Wednesday, January 27, 2021
Information
Tags: 
Payment systems, Financial technology, Economy, EBay, Elon Musk, PayPal, Federal Trade Commission
Summary
Key Points: 
  • More than 50 different FTC cases resulted in distributions to consumers in 2020.
  • The FTC Act allows the FTC to seek refunds from companies whose actions harm consumers.
  • During 2020, more than 1.6 million consumers received refunds from the FTC as a result of law enforcement cases.
  • The FTC usually sends refunds to consumers by check, but in 2020, the agency also issued PayPal payments to consumers in 11 cases.
Copyright: 
2021 FTC. All Rights Reserved.