{"id":51109,"date":"2026-09-15T09:15:57","date_gmt":"2026-09-15T09:15:57","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=51109"},"modified":"2026-09-15T09:15:57","modified_gmt":"2026-09-15T09:15:57","slug":"iowa-to-hand-25000000-to-residents-harmed-by-meta-in-first-consumer-restitution-fund","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=51109","title":{"rendered":"Iowa to Hand $25,000,000 to Residents Harmed by Meta in First Consumer Restitution Fund"},"content":{"rendered":"

\"class<\/p>\n

Iowa is setting up the first-of-its-kind restitution fund to hand out $25 million to residents hurt by Meta\u2019s practices aimed at children.<\/p>\n

Attorney General Brenna Bird says<\/a> the state will use $25 million from its $126 million Meta settlement to pay eligible Facebook and Instagram users. Iowa is the first state in the deal to create a consumer fund.<\/p>\n

Bird says half of the settlement, about $68 million, must address the harms that prompted the lawsuit.<\/p>\n

Says Bird,<\/p>\n

\u201cThe Meta settlement was a victory for Iowa\u2019s families. Our kids will now be safer online\u2026 I\u2019m happy to announce we are the first state to create a fund to share the settlement with Iowans who have been affected by Meta\u2019s bad behavior.\u201d<\/em><\/p>\n

Other pots include $11 million for the Iowa Kids and Consumers Defense Fund, $10 million in school grants, $10 million for victim support and a Special Victims Unit, $3 million for technology upgrades and about $7.3 million for the Ensuring Child Safety Online Fund.<\/p>\n

Roughly $49 million goes to the state\u2019s general fund after legal fees.<\/p>\n

Eligibility rules and the claims process will be announced later.<\/p>\n

Iowa\u2019s settlement proceeds is the state\u2019s share of the landmark settlement with Meta reached<\/a> in August when the tech giant agreed to pay a coalition of states at least $12.1 billion.<\/p>\n

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The post Iowa to Hand $25,000,000 to Residents Harmed by Meta in First Consumer Restitution Fund<\/a> appeared first on The Daily Hodl<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Iowa is setting up the first-of-its-kind restitution fund to hand out $25 million to residents hurt by Meta\u2019s practices aimed at children. Attorney General Brenna Bird says the state will use $25 million from its $126 million Meta settlement to pay eligible Facebook and Instagram users. Iowa is the first state in the deal to […]<\/p>\n","protected":false},"author":1,"featured_media":51110,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-51109","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"\nIowa to Hand $25,000,000 to Residents Harmed by Meta in First Consumer Restitution Fund - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=51109\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Iowa to Hand $25,000,000 to Residents Harmed by Meta in First Consumer Restitution Fund - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Iowa is setting up the first-of-its-kind restitution fund to hand out $25 million to residents hurt by Meta\u2019s practices aimed at children. 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