Featured Blog
By Guy Shahar on January  8, 2024

Financial App Startup FloatMe Faces a $3 Million Penalty from the FTC for Deceptive Practices

Continuing a trend from 2023, the Federal Trade Commission has kicked off the new year with a host of enforcement activity. Of particular interest is their recent action against FloatMe, a cash advance firm based in San Antonio, Texas. Not only does this action align with the agency’s interest in payday and cash-advance lenders, it is another example of the consequences of non-compliance in marketing activity.

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