Apple reaches agreement with FTC over In-App Purchases made by children

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After negotiating with the FTC for months regarding the use of its in-app purchases in the App Store, Apple has reached a consent agreement with the FTC, according to a company-wide email Tim Cook just sent employees.

Apple’s in-app purchases practices have frustrated regulators since debuting in the App Store back in 2009. In his letter to employees obtained by Re/code, Tim Cook says a host of complaints from customers led Apple to investigate its practices. Last year Apple emailed 28 million App Store customers regarding their in-app purchases and subsequently refunded more than 37,000 in-app purchases that parents claim were unauthorized.

Tim Cook says that “it doesn’t feel right for the FTC to sue over a case that had already been settled. To us, it smacked of double jeopardy,” but the FTC’s deal isn’t going to require Apple to do anything extra, so they decided to sign it and move on.

To read the rest of the story from Cult of Mac, click here.