Bloomberg $500K Settlement: $1.99 Subscriptions Hit $39.99
4 Articles
4 Articles
New York, Nov 2 (EFE).- New York's Attorney General announced on Monday that Bloomberg News paid a fine of $500,000 for not informing its customers about the terms of subscription for their service, including automatic renewals with substantial price increases. According to the Attorney General's Office, an investigation revealed that the [...] New York's Attorney General's ticket fined Bloomberg News for its subscription terms was first publish…
Bloomberg News Agrees to Pay $500,000 Penalty for Deceiving Consumers about Subscriptions
Bloomberg News Must Pay Penalties, Improve Policies, and Provide Refunds for Eligible Customers New York Attorney General Letitia James today secured $500,000 from Bloomberg L.P. (Bloomberg News) for failing to inform customers of subscription terms, including automatic renewals that came with drastic price increases. An investigation by the Office of the Attorney General (OAG) found […]
Bloomberg $500K Settlement: $1.99 Subscriptions Hit $39.99
Bloomberg L.P. will pay $500,000 and offer refunds to eligible customers after New York Attorney General Letitia James said the publisher failed to disclose automatic renewals and steep price increases clearly, and made cancellation difficult. The settlement announced by the New York Attorney General’s Office requires changes to Bloomberg.com’s consumer subscription disclosures, consent process and renewal notices. It concerns consumer subscript…
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