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FTC's $2.25M Amazon penalty for FCRA violations is corroborated by the agency's official June 30 press release plus MarketWatch, Yahoo Finance, and Bloomberg coverage.

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Home/Tech/FTC fines Amazon $2.25 million over alleged failures to aid identity theft victims
VERIFIEDBy Xavier Rivera· ·1 min read

FTC fines Amazon $2.25 million over alleged failures to aid identity theft victims

The FTC has fined Amazon $2.25 million after the agency determined the company refused to supply identity theft victims with records of fraudulent purchases, violating the Fair Credit Reporting Act. The settlement obliges Amazon to strengthen its handling of such customer requests.

Source:The Verge
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FTC fines Amazon $2.25 million over alleged failures to aid identity theft victims
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TL;DRAI · 60 sec read

The Federal Trade Commission orders Amazon to pay a 2.25 million dollar penalty over claims it did not assist identity theft victims. Officials say the retailer violated the Fair Credit Reporting Act by refusing to share details on fraudulent accounts and missing the 30-day response deadline. Victims could not get records to restore their credit.

The Federal Trade Commission has ordered Amazon to pay a $2.25 million penalty to resolve allegations that it did not assist customers targeted by identity theft.
The complaint describes how victims who reached out for help reportedly entered a Kafkaesque sequence in which agents demanded the name of the account creator before releasing any records.
The FTC accuses Amazon of violating the Fair Credit Reporting Act. Agency officials claim the retailer declined to share details on transactions tied to accounts opened through fraud. The complaint describes how victims who reached out for help reportedly entered a Kafkaesque sequence in which agents demanded the name of the account creator before releasing any records.
POST FROM @FTC· official FTC announcement tweet matching the article's story on the $2.25 million Amazon fine
https://x.com/FTC/status/2071962046250271075
In one case a victim guessed that name more than 30 times without success. Amazon allegedly kept the victim’s credit card linked to the thief’s account. The FTC also says the company missed the 30-day deadline the FCRA sets for turning over such information.
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Amazon says it has resolved the matter with the FTC. A company spokesperson told Bloomberg the retailer has “resolved this matter with the FTC” and “implemented process improvements for customers who believe they may be victims of identity theft.” Bloomberg first disclosed the settlement on the same day the FTC made its announcement.
Amazon allegedly kept the victim’s credit card linked to the thief’s account.
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The penalty addresses systemic support failures reported by victims. The FTC filing shows how Amazon’s approach left those affected without the basic documents needed to challenge fraudulent charges and restore their credit histories.
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