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Amazon.com Settles FTC Charges Over Failure to Provide Identity Theft Victims' Records

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Amazon.com (AMZN) agreed to pay a $2.25 million civil penalty to settle allegations it knowingly violated the Fair Credit Reporting Act by failing to provide identity theft victims with records of fraudulent transactions, the US Federal Trade Commission said Tuesday.

The FTC said Amazon failed to provide identity theft victims with the required records within 30 days and did not adopt a written policy for handling such requests until early 2025, after it learned of the agency's investigation.

Under the proposed order, Amazon must comply with the law, provide requested records, notify consumers of their rights, and contact certain consumers whose earlier requests since April 2024 were not fulfilled, the FTC added.

Amazon.com shares were down 0.4% in Tuesday trading.

Price: $239.63, Change: $-0.51, Percent Change: -0.21%

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