Family Dollar agrees to $63 million pricing settlement
The proposed deal with the FTC and 17 states includes consumer refunds, future discounts and pricing checks.
Family Dollar agreed to a $63 million settlement with the Federal Trade Commission and 17 states to address allegations that shoppers were charged more at checkout than advertised. The proposed order was filed Thursday in federal court in Virginia and still requires a judge's approval.
The deal calls for a $40 million consumer redress fund and a $20 million discount program, along with payments to participating states. Regulators alleged discrepancies between register prices and prices displayed on shelves, in advertisements, on the website and in the mobile app.
The allegations are not a court finding that the company broke the law.
The proposed order would also require a pricing-accuracy program, staff training and prompt corrections, with independent assessment and annual certification. Eligible customers are to be notified through stores and digital channels; the announcement is not a notice that every shopper is already eligible for a payment.
