
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.
October 2019: This case was voluntarily dismissed because the parties reached a settlement agreement, the terms of which have not been disclosed.
March 2019: A class-action lawsuit was filed against ENT Credit Union for allegedly misrepresenting that it does not charge overdraft fees on accounts if they have enough money to cover a transaction when, according to the complaint, the credit union does charge customers overdraft fees even when their accounts have enough money to cover transactions. (Nelson et al v ENT Credit Union, Case No. 19-cv-634, D. Colo.)
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New law aims to provide more transparency to online transactions and to deter online shopping fraud.
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