Amazon To Pay $2.5 Billion To Settle FTC Allegations

SEATTLE (AP) — Amazon has reached a historic $2.5 billion settlement with the Federal Trade Commission which said the online giant tricked customers into signing up for its Prime memberships, and made it difficult to cancel after they did so. The Seattle company will pay $1 billion in civil penalties — the largest fine in FTC history, and $1.5 billion will be paid to consumers who were unintentionally enrolled in Prime, or were deterred from canceling their subscriptions.