Adobe Settles DOJ Lawsuit over Deceptive Subscription Practices
Software maker will pay a $75 million fine and provide “affected consumers” with free services.
Chang et al v. Beam Financial, Inc.
20-cv-7931, N.D. Cal.
(Nov. 2020)
Beam’s Mobile Banking App
Falsely representing that Beam pays high interest rates on savings accounts and that money would be accessible to consumer “24/7”
Pending
Software maker will pay a $75 million fine and provide “affected consumers” with free services.
Order puts platforms like Amazon and Walmart on notice.
Advertised “best deal ever” comes with some caveats.
Cecilia D’Anastasio, Bloomberg
Before paying a company for something, know all your options.