CATrends: Deceptive Deals
The holiday shopping season is here. Tread carefully.
Information about federal false advertising class actions filed around the country. Please note, our list is neither comprehensive nor reflective of TINA.org’s opinion.
The holiday shopping season is here. Tread carefully.
Lawsuits throw the red flag on a number of DFS platforms.
A rash of lawsuits allege companies are misleading consumers.
Allegations: Falsely promising not to charge fees for using in-network ATMs
Allegations: Marketing Zelle money transfers as fast, safe, and secure without disclosing that there is no protection for victims of fraud and no recourse for reimbursement of lost funds
Allegations: Misleadingly advertising accounts as “high interest” savings accounts without notifying accountholders that a higher interest rate account became available
Allegations: Misleadingly representing that it would help credit card customers during the COVID-19 pandemic when the company systematically denied customers’ requests for help
Allegations: Falsely advertising that consumers can get pre-approved for credit cards in a process that does not affect their credit score when the company runs a type of credit report…