FTC returns more than US$482 Million to consumers in 2020
FTC law enforcement actions lead to refunds to more than 1.6 million consumers nationwide
New data released by the Federal Trade Commission shows that FTC actions led to more than $482 million in refunds to consumers across the country in 2020.
A core part of the FTC’s mission is to return money to consumers who have been harmed by fraud or other illegal business practices. More than 50 different FTC cases resulted in distributions to consumers in 2020.
The FTC Act allows the FTC to seek refunds from companies whose actions harm consumers.