TINA’s Take: INFORM Consumers Act Goes Into Effect
New law aims to provide more transparency to online transactions and to deter online shopping fraud.
September 2015: A federal judge granted final approval of the settlement.
January 2015: A federal judge preliminarily approved a $6.4 million settlement of a class-action lawsuit against eBay. The complaint, which was originally filed in September 2011, alleged, among other things, that eBay did not adequately disclose that sellers who listed merchandise for sale using the “Good ‘Til Cancelled” duration option were charged fees for the listing every 30 days. According to the settlement terms, the amount paid to each class member will depend on how much that class member paid for a “Good ‘Til Cancelled” listing. Class members with an active eBay account will receive an automatic credit to their account unless they request a check and the amount of their recovery is more than $2. Class members without active eBay accounts will receive a check. (Noll et al v. eBay Inc., Case No. 11-cv-04585, N. D. CA.).
New law aims to provide more transparency to online transactions and to deter online shopping fraud.
TINA.org investigation also finds sellers using the FDA’s logo in violation of the agency’s logo policy.