The FTC” appeared to misinform consumers by failing to tell them about these potential reductions until after they had signed up for the payment,” said Warren to Katsaros.
In addition, Warren wrote, “The FTC has the authority to investigate and protect the public from unfair or deceptive acts or practices, including deceptive advertising. Unfortunately, it appears as though the agency itself may have misled the American public about the terms of the Equifax settlement and their ability to obtain the full reimbursement to which they are entitled.”
Warren wants Katsaros to determine how FTC made a series of decision that will result in millions of Americans receiving only a fraction of the $125 in compensation due to them for Equifax’s failures.
