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Smart Home Company to Pay $20 Million to Settle FTC Complaint Alleging Misused Credit Reports

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The company will pay $15 million in a civil penalty and another $5 million to compensate affected customers.

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Andrew Kelly/Reuters

Vivint Smart Homes Inc., a smart home company, has agreed to pay $20 million to settle a complaint that the company illegally used customer credit card information to help unqualified customers obtain funding, the Federal Trade Commission announced.

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