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Attorney General Provides Updates on Settlements

The Missouri Attorney General's office announced updates this week involving two settlements that will provide some Missouri consumers with millions of dollars in restitution. KSMU's Missy Shelton reports.

Missouri Attorney General Jay Nixon announced this week that more than 3 thousand Missouri consumers who were billed for unwanted subscriptions to Time Magazine will receive restitution.

Nixon's spokesman John Fugere says restitution will total approximately 116 thousand dollars. In addition to restitution, the magazine has agreed to provide clearer information to customers about the renewal process.

Missouri is one of 23 states that's part of a settlement agreement with Time Magazine.

Fugere says consumer complaints stem from a policy change at Time that resulted in the automatic renewal of subscriptions.

The settlement resolves allegations from Missouri and the other states that Time engaged in deceptive marketing and billing practices.

Under the settlement, Time will contact consumers who are eligible for restitution.

Also this week, the Missouri Attorney General's office announced that Missouri's settlement with Ameriquest has been filed in state court.

Missouri and 48 other states alleged that Ameriquest engaged in unfair and deceptive practices, encouraging borrowers to lie about income or employment to obtain loans.

In the settlement agreement, Ameriquest denies all of the allegations but has agreed to change its policies...John Fugere spokesman for the Attorney General's office says this week's action puts consumers one step closer to getting restitution.

Ameriquest will contact consumers who are eligible for restitution payments.