Fintech Week in Review: December 2020
By EsqSocial Corporation 10/12/20
FTC Alleges Mobile App’s Deposit Promises Were Deceptive - Following a May 2020, civil investigative demand, the Federal Trade Commission (FTC) filed suit against the operators of a mobile banking app, alleging that they falsely promised users high interest rates on their deposit accounts and failed to provide customers with their requested funds within the represented time frames in violation of the prohibitions against deceptive acts or practices under the FTC Act......
By: Perkins Coie