FTC Offers Claims Process for Credit Karma Settlement

The Federal Trade Commission (FTC) is launching a claims process for consumers who were harmed by Credit Karma's practice of misrepresenting "pre-approved" credit card offers. Consumers who were offered a pre-approved credit card but were denied when they applied can apply for a payment through the claims process. The FTC settled charges against Credit Karma for $3 million, which will be used to compensate affected consumers. The deadline to file a claim is March 4, 2024.