Credit Karma, HomeAdvisor push back after FTC orders both to pay millions [FOX Business Network]
Angi Inc. - Class A (ANGI)
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Source: FOX Business Network
The Federal Trade Commission slapped multi-million dollar fines on credit services firm Credit Karma and home service lead agency HomeAdvisor, alleging the companies each engaged in "deceptive" practices against consumers. But both companies are pushing back against the federal agency's claims. In separate announcements Monday, the FTC ordered Credit Karma to pay out $3 million for allegedly using "dark patterns to misrepresent that consumers were ‘pre-approved' for credit card offers," and ordered HomeAdvisor to pay as much as $7.2 million for allegedly engaging in misleading marketing. The FTC said in a press release that it first announced its complaint against Credit Karma in September, accusing the company of telling customers they were pre-approved for cards and had "'90% odds' to entice them to apply for offers that, in many instances, they ultimately did not qualify for." FTC FILES MOTION SEEKING FOR ‘PHARMA BRO' MARTIN SHKRELI TO BE HELD IN CONTEMPT When reached by
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ANGI
Earnings
- 2/13/24 - Beat
ANGI
Sec Filings
- 4/22/24 - Form 4
- 4/22/24 - Form PRE
- 4/11/24 - Form 4
- ANGI's page on the SEC website