Credit Karma ordered to pay fine for false ‘preapproval’ claims

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Credit Karma ordered to pay fine for false ‘preapproval’ claims
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Have you ever gotten one of those “preapproval” credit offers despite not having good credit? If so, you might be entitled to part of a $3 million fine.

Have you ever gotten one of those “preapproval” credit offers despite not having good credit? If so, you might be entitled to part of a $3 million fine imposed by the Federal Trade Commission.

“Credit Karma’s false claims of ‘preapproval’ cost consumers time and subjected them to unnecessary credit checks,” said Samuel Levine, Director of the FTC’s Bureau of Consumer Protection. “The FTC will continue its crackdown on digital dark patterns that harm consumers and pollute online commerce.”

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