American Banker

Credit Karma fined $3 million for falsely advertising credit card pre-approvals

Credit Karma sent advertisements to consumers claiming they were pre-approved for credit cards. According to the FTC, many consumers who received such ads were not actually pre-approved. Credit Karma ...
American Banker

Credit Karma's $3 million fine for alleged false pre-approvals finalized

Credit Karma sent advertisements to consumers claiming they were pre-approved for credit cards. According to the FTC, many consumers who received such ads ultimately got rejected. Credit Karma told ...
Fast Company

Credit Karma might owe you money over fake ‘pre-approved’ card offers: Here’s how to find out

The Federal Trade Commission (FTC) is ordering Credit Karma, the free personal-credit monitoring site, to pay $3 million to users who received “false ‘pre-approved’ credit card offers” that ended up ...
pymnts

FTC Launches Claims Process for False Credit Karma ‘Preapprovals’

The FTC announced Tuesday (Dec. 5) that it was launching a claims process for nearly 500,000 consumers involved in the matter. The agency last year fined Credit Karma $3 million after accusing the ...
Miami Herald

Credit Karma said users were ‘pre-approved’ for credit cards, feds say. They weren’t

The Federal Trade Commission ordered Credit Karma to pay $3 million for allegedly tricking customers with “pre-approved” credit card offers they didn’t qualify for. Photo by Avery Evans via Unsplash ...