The Federal Trade Commission (FTC) is sending over $126 million in refunds to Fortnite players who were charged for unwanted purchases while playing the game. The FTC has also reopened its claims process, allowing eligible consumers to submit compensation claims until July 9, 2025.
As part of a settlement with Epic Games, the developer of Fortnite, the company agreed to pay $245 million to settle allegations of deceptive practices that led to unwanted purchases. The FTC issued its first round of refunds in December 2024 and will send another round of checks and PayPal payments on Tuesday and Wednesday to consumers who filed valid claims.
To date, over $200 million has been distributed in refunds related to Epic’s billing practices. Consumers can choose their payment method when filing a claim, with check recipients advised to cash them within 90 days and PayPal recipients redeeming their payments within 30 days.
In other news, the FTC is also providing guidance for investors looking to make informed decisions. With valuations rising in 2024, many investors are hesitant to invest further. However, ProPicks AI has identified high-potential stocks with impressive track records of growth, including stocks that surged over 150%, leaped over 30%, and climbed over 25%.
Source: https://uk.investing.com/news/company-news