CATrends: Fake Discounts on Fitness Products
When the sale price is the regular price.
Lipsett et al. v. Banco Popular North America d/b/a Popular Community Bank
22-cv-3901, S.D.N.Y.
(May 2022)
Checking accounts
Misrepresenting when consumers will be charged overdraft fees
Settled
(Preliminarily approved)
https://lipsettoverdraftsettlement.com/en
When the sale price is the regular price.
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