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Family Dollar to Pay $63M in Overcharging Case
Newser • • business
Key Points:
- Family Dollar will pay $63 million to settle allegations that it charged customers higher prices at the register than those advertised on shelves, its website, and mobile app, according to the FTC and 17 states.
- The settlement includes a $40 million consumer redress fund, a $20 million discount program for customers, and $3 million in payments to the involved states, pending judicial approval.
- The FTC's complaint highlights long-standing price discrepancies reported nationwide, with thousands of violations cited over five years and fines exceeding $3 million.
- Family Dollar must implement a pricing accuracy program subject to independent annual assessment and certification as part of the settlement terms.
- The company has committed to cooperating with regulators and informing customers about the settlement, which mirrors a similar recent case against rival Dollar General.
