Instacart will pay $60 million in refunds to consumers under a proposed settlement with the Federal Trade Commission.Consumers who were charged for Instacart+ memberships without giving express informed consent will be eligible for refunds.Under a proposed settlement, Instacart is also required to stop misleading customers about delivery costs, refunds and its subscription service.RELATED STORY | Advocate says Instacart pricing may violate laws, urges attorney general actionThe FTC alleges that Instacart falsely advertised free delivery on first orders while still charging mandatory service fees. Regulators also accused the company of misleading customers with claims of a 100% satisfaction guarantee, saying shoppers who experienced late or poor service were often offered small credits instead of full refunds.While Instacart denies the FTCs allegations, it agreed to the settlement.RELATED STORY | Same groceries, same store: So why did you pay more than your neighbor?"Weve reached a settlement with the FTC to resolve questions they have raised about our services and our membership program," The company said in a statement. "To be clear, though: We flatly deny any allegations of wrongdoing by the agency, and we believe the foundation of the FTCs inquiry was fundamentally flawed."A judge still needs to sign off on the settlement. ...read more read less