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This story was updated to add new information. More than 50,000 Credit Karma customers will soon receive checks or PayPal payments as part of a $2.5 million Federal Trade Commission payout.
Letters and emails are being sent to nearly 500,000 people who officials said received “pre-approved” credit card offers from Credit Karma or were told they had “90% odds” of approval ...
Credit Karma customers who were deceived by the credit service's company's alleged false "pre-approved" offers will get $2.5 million from the Federal Trade Commission (FTC).. The FTC on Thursday ...
The concept of "credit invisibility" (a term used by the Consumer Financial Protection Bureau, the CFPB [64]) is factored into this as there are many individuals who do not use or need credit (usually the elderly), avoid using credit, or avoid participating in the credit system. Being credit invisible puts consumers at a disadvantage. [25]
Credit Karma is an American multinational personal finance company founded in 2007. It has been a brand of Intuit since December 2020. [3] It is best known as a free credit and financial management platform, but its features also include monitoring of unclaimed property databases and a tool to identify and dispute credit report errors. [4]
Credit Karma is in legal trouble because it was pushing supposedly “pre-approved” credit cards on customers who then got rejected by credit card companies, hurting their credit scores ...