Receiving Spam From Your Credit Score Provider? US FTC Just Penalized One For Spamming You
Portfolio Pulse from Shivani Kumaresan
The U.S. Federal Trade Commission (FTC) has charged Experian plc for spamming consumers with unsolicited emails without an opt-out option, violating the CAN-SPAM Act. Experian Consumer Services (ECS) is required to pay $650,000 to settle the charges. The order also prohibits ECS from sending marketing emails without an opt-out mechanism.
August 15, 2023 | 12:50 pm
News sentiment analysis
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NEGATIVE IMPACT
Experian's violation of the CAN-SPAM Act and the subsequent $650,000 fine could negatively impact investor sentiment and the company's reputation.
The FTC's charges against Experian for violating the CAN-SPAM Act and the subsequent fine could negatively impact the company's reputation and investor sentiment. This could potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Experian's violation of the CAN-SPAM Act and the subsequent $650,000 fine could negatively impact investor sentiment and the company's reputation.
The FTC's charges against Experian for violating the CAN-SPAM Act and the subsequent fine could negatively impact the company's reputation and investor sentiment. This could potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100