Upromise Settles With FTC Over Customers' Web Data

Law360, New York (January 6, 2012, 7:52 PM EST) -- Upromise Inc., a membership rewards program owned by the same parent company as student loan giant Sallie Mae, on Thursday settled charges brought by the Federal Trade Commission alleging that it deceptively collected customers' personal information through a Web toolbar.

The FTC had raised objections over a Upromise toolbar installed in Web browsers that highlights products from Upromise partner merchants in search results. Upromise's program puts rebates into college savings accounts when a consumer buys from a partner merchant.

Upromise claimed in a privacy statement that...
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