"In a press conference call, FTC Chairwoman Edith Ramirez said the commission had secured a $17.5 million settlement, but the company will only pay $1.6 million of that amount due to inability to pay."
So, the penalty was cut to 10%, thus yielding a 4-cent-per-customer slap on the wrist.
Hard to take FTC seriously at their mission to protect and inform the general customer. They have no teeth.
[+] [-] codemogul|9 years ago|reply
"In a press conference call, FTC Chairwoman Edith Ramirez said the commission had secured a $17.5 million settlement, but the company will only pay $1.6 million of that amount due to inability to pay."
So, the penalty was cut to 10%, thus yielding a 4-cent-per-customer slap on the wrist.
Hard to take FTC seriously at their mission to protect and inform the general customer. They have no teeth.