An online bill payment service is agreeing to pay $2.1 million to settle federal allegations that it used misleading advertisements impersonating billers and charged deceptive fees.
The Federal Trade Commission (FTC) says that Doxo deceived consumers through search ads that impersonated official billers for utilities and loans while adding hidden delivery fees and enrolling users in subscriptions without clear consent.
The 2024 complaint detailed how the firm often displayed unrelated company logos on its site despite lacking partnerships with most of them.
A federal court previously ruled the company violated the Restore Online Shoppers’ Confidence Act by failing to disclose subscription terms.
Under the settlement, $2.1 million will fund consumer redress.
The company faces permanent bans on misrepresenting affiliations with billers, using false claims to obtain financial data, and charging consumers without express consent.
The FTC approved the order in a 2-0 vote and filed it in the U.S. District Court for the Western District of Washington.
Says Christopher Mufarrige, director of the FTC’s Bureau of Consumer Protection,
“Misleading search text ads thwart consumers’ pursuit of information and undermine the integrity of the marketplace.”
The company did not admit or deny the allegations but stated it is pleased to reach a resolution and will continue focusing on customers.
Follow us on X, Facebook and Telegram
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Doxo Is Agreeing to Pay $2,100,000 to Settle FTC Allegations Over Deceptive Bill Payment Ads appeared first on The Daily Hodl.
Doxo will pay $2.1 million to settle FTC allegations of misleading search ads impersonating billers and charging undisclosed fees plus deceptive subscriptions. The deal includes consumer redress and bans on specific practices.
The post Doxo Is Agreeing to Pay $2,100,000 to Settle FTC Allegations Over Deceptive Bill Payment Ads appeared first on The Daily Hodl. Regulators, Settlements, doxo, Federal Trade Commission, News, payment services
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.