"The order requires Opendoor to pay the Commission $62 million, which is expecte... | Hacker News

Hacker News new | past | comments | ask | show | jobs | submit

login

jmole on Aug 1, 2022 | parent | context | favorite | on: FTC takes action to stop Opendoor from cheating po...

"The order requires Opendoor to pay the Commission $62 million, which is expected to be used for consumer redress."

What does the FTC actually do with the money in cases like these? Give it to harmed consumers?

newfonewhodis on Aug 1, 2022 [–]

Yes.

> which is expected to be used for consumer redress

nickff on Aug 1, 2022 | [–]

I believe the parent is asking whether that money actually makes it to the victims. Many government agencies fail to execute on their commitments, it would be unsurprising if the FTC simply held on to the money, and never returned it.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact