Amazon will pay $2.25 million in civil penalties to resolve Federal Trade Commission (FTC) allegations that the online retail giant knowingly violated the Fair Credit Reporting Act (FCRA). The settlement addresses charges that Amazon routinely denied requests from identity theft victims seeking records of fraudulent transactions made with their personal data.
The FTC alleged that Amazon's actions constituted a knowing violation of the FCRA, which mandates certain responsibilities for companies handling consumer credit information. This penalty aims to ensure compliance and protect consumers from further harm when their identities are compromised.