Chinese e-commerce marketplace Temu’s owner Whaleco Inc. agreed to a $2m settlement and further compliance obligations with the Federal Trade Commission (FTC) and DOJ over charges that it violated the INFORM Consumers Act by failing to grant users the conspicuous ability to report the sale of counterfeit, stolen, or
Temu fined $2m by FTC in first INFORM Consumers Act enforcement action
The online marketplace facilitator was charged with failing to provide customers with tools and information to help them avoid and report illicit items.