Credit Karma fined $3 million for false preapprovals by the FTC

Credit Karma fined $3 million for false preapprovals by the FTC

The Federal Trade Commission has ordered Credit Karma to pay a $3 million penalty. The company told consumers they were pre-approved for credit cards when they weren’t. Consumers will be refunded the money and Credit Karma must stop making “these types of deceptive claims”.

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