Uber Faces FTC Consumer Protection Probe Over Subscriptions

Sharing is Caring!

(Bloomberg) — The US Federal Trade Commission is looking into whether Uber Technologies Inc. violated consumer protection laws with its flagship subscription service.

The FTC is investigating Uber over enrollment and cancellation aspects of the product, according to documents viewed by Bloomberg. The investigation was opened earlier this year.

See also  China's economy faces its largest financial collapse, with bonds yielding under 2%, banks insolvent. Limited credit demand in China drives bond buying, not QE.

The Uber One subscription program gives discounts on rides and delivery orders in exchange for an annual fee. About 25 million people subscribe to Uber One, the company said in October.

Uber confirmed it has received inquiries about the program from the FTC and said it’s cooperating with the agency’s review.

See also  Trump plans to use DOJ to probe 2020 election

https://finance.yahoo.com/news/uber-faces-ftc-consumer-protection-191104765.html