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Fitbit will pay $12.25 million after reaching a settlement with the Consumer Product Safety Commission for not reporting a known defect in a now-recalled product.
The Magnuson–Moss Warranty Act (P.L. 93-637) is a United States federal law (15 U.S.C. § 2301 et seq.). Enacted in 1975, the federal statute governs warranties on consumer products. The law does not require any product to have a warranty (it may be sold "as is"), but if it does have a warranty, the warranty must comply with this law.
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The Fitbit Charge 3, a wristband health and fitness tracker introduced in October 2018, was the first device to feature an oxygen saturation (SPO2) sensor; however, as of January 2019, it was non-functional and Fitbit did not provide an implementation timeline. [44] The Fitbit Charge 3 comes with two different-sized bands: small and large.
All new cars in the United States come with a warranty that cover repairs for a certain period of time and a certain number of miles, such as 3 years and 36,000 miles. An extended warranty provides similar coverage beyond those time or mileage limits. Legally, only the original manufacturer can "extend" a warranty.
James Park (born 1976/1977) is an American technology entrepreneur. He co-founded Fitbit and has been its CEO and president since September 2007. [2] He was named in 2015 among Fortune magazine's 40 Under 40, an annual ranking of the most influential young people in business. [3]
Automotive warranty claims processing is often offered by reliable companies that are into the warranty industry niche. The process typically involves several steps to ensure that the claim is valid, the repair is necessary, and the costs are covered as per the warranty terms. [citation needed] The process may involve the identification of a ...