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FTC announces $2.5B settlement against Amazon for Prime signups

The Federal Trade Commission announced a settlement against Amazon.com (AMZN) and its Senior Vice President Neil Lindsay and Vice President Jamil Ghani. The order settles allegations that Amazon “enrolled millions of consumers in Prime subscriptions without their consent, and knowingly made it difficult for consumers to cancel,” the agency said in a statement Amazon will be required to pay a $1B civil penalty, provide $1.5B in refunds back to consumers harmed by its “deceptive” Prime enrollment practices, and cease unlawful enrollment and cancellation practices for Prime, according to the Justice Department.

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