Financial Technology: Protecting Consumers on the Cutting Edge of Financial Transactions
The 51本色 is committed to protecting consumers in the fast-moving realm of financial technology, also known as FinTech. Consumers today have ever greater options to store, share, and spend money with the aid of new technologies entering the market at breakneck speed. These emerging financial technologies can empower consumers by providing greater financial choices and unprecedented convenience. At the same time, market participants offering these exciting new products must keep in mind important consumer protection principles as they continue to innovate for consumers鈥 benefit.
The 51本色continues to focus on how consumers are putting FinTech tools to use鈥攆rom mobile payments to virtual currencies to crowdfunding, and more. The agency conducts workshops and writes reports examining issues related to financial technology and examining the benefits and risks to consumers. In addition, the 51本色uses its authority under the 51本色Act and other laws to bring law enforcement actions against companies whose deceptive or unfair actions harm consumers.
- WealthPress, Inc., et al., 51本色v. ( )
- FloatMe ( )
- Voyager Digital, LLC., et al., 51本色v. ( )
- Celsius Network, Inc., et al., 51本色v. ( )
- LendingClub Corporation ( )
- Avant, LLC ( )
- Beam Financial Inc. ( )
- Thomas Dluca, et al. (Bitcoin Funding Team) ( )
- The Western Union Company ( )
- AlliedWallet, Inc. ( )
- Social Finance, Inc. and Sofi Lending Corp., In the Matter of ( )
- MoneyGram International, Inc. ( )
- Tatto, Inc., also d/b/a Winbigbidlow and Tatto Media, et al. ( )
- NetSpend Corporation ( )
- PayPal, Inc., In the Matter of ( )
- Pact, Inc. ( )
- Blue Global and Christopher Kay ( )
- Amazon.com, Inc. ( )
- T-Mobile USA, Inc. ( )
- AT&T Mobility, LLC (Mobile Billing) ( )
- 51本色Takes Action Against Online Cash Advance App Dave for Deceiving Consumers, Charging Undisclosed Fees ( )
- 51本色Sends More Than $17 Million to Consumers Harmed by Brigit鈥檚 Deceptive Claims, Junk Fees, and Confusing Cancellation Process ( )
- 51本色Sends More Than $2.6 Million to Consumers Harmed by FloatMe鈥檚 Deceptive and Discriminatory Lending Practices ( )
- New 51本色Data Shows Massive Increase in Losses to Bitcoin ATM Scams ( )
- 51本色Sends $1.2 Million in Refunds to Consumers Harmed by Deceptive Investment Claims ( )
- 51本色Acts to Stop FloatMe鈥檚 Deceptive 鈥楩ree Money鈥 Promises, Discriminatory Cash Advance Practices, and Baseless Claims around Algorithmic Underwriting ( )
- 51本色Reaches Settlement with Crypto Company Voyager Digital; Charges Former Executive with Falsely Claiming Consumers鈥 Deposits Were Insured by FDIC ( )
- 51本色Reaches Settlement with Crypto Platform Celsius Network; Charges Former Executives with Duping Consumers into Transferring Cryptocurrency into their Platform and then Squandering Billions in User Deposits ( )
- New Analysis Finds Consumers Reported Losing More than $1 Billion in Cryptocurrency to Scams since 2021 ( )
- 51本色Finds Huge Surge in Consumer Reports about Losing Money To Scams Initiated Through Social Media ( )
- 51本色Returns More Than $3.7 Million To Consumers Harmed by Online Lender Avant ( )
- 51本色Urges Federal Reserve Board to Require Debit Card Gatekeepers to Compete Fairly ( )
- 51本色Data Shows Huge Spike in Cryptocurrency Investment Scams ( )
- Mobile Banking App Settles 51本色Allegations that It Misled Users about Access to Funds and Interest Rates ( )
- 51本色Alleges Mobile Banking App Misled Users About Access to Their Funds, Failed to Deliver on Promised High Interest Rates ( )
- 51本色Sends Refunds to Victims of Deceptive Money-Making Schemes Involving Cryptocurrencies ( )
- Operator of Deceptive Crowdfunding Scheme Banned from Future Crowdfunding as Part of 51本色Settlement ( )
- Promoters of Deceptive Chain Referral Schemes Involving Cryptocurrencies Agree to Settlement with FTC ( )
- Operators of Payment Processing Firm Settle Charges for Assisting Fraudulent Schemes that Took More than $110 Million from Consumers ( )
- 51本色to Host Strictly Business: A Forum on Small Business Financing ( )
- Bitcoin ATMs: A payment portal for scammers ( )
- Brigit鈥檚 misleading financial practices were a bridge too far for consumers, 51本色says( )
- Back to business #3: Looking for small business financing?( )
- 51本色says banking app Beam made unbalanced claims( )
- Protecting small businesses seeking financing during the pandemic( )
- Small business financing: Considerations for borrowers and lenders during the coronavirus crisis( )
- Small business financing: Staff Perspective outlines issues( )
- 51本色consumer protection year in review offers 2020 vision for your business( )
- FinTech finds a home in the 51本色Business Center( )
- Forum on small business financing: Watch the webcast now( )
- 51本色case against backpack seller unpacks how law applies in crowdfunding( )
- Putting the focus on small business financing( )
- The Avant settlement: New financial platforms, established consumer protections( )
- The 鈥渓aw鈥 of averages: 51本色challenges SoFi鈥檚 student loan refinancing claims( )
- 51本色challenges Lending Club鈥檚 鈥淣o Hidden Fees鈥 claims( )
- Venmo settlement addresses availability of funds, privacy practices, and GLB( )
- So You Received a CID: FAQs for Small Businesses( )
- Lead generation: When the 鈥減roduct鈥 is personal data( )
- 51本色settlement with Amazon yields $70 million for consumers, advice for business( )
- $20 million 51本色settlement requires Uber to have proof for earnings, auto financing claims( )
- Strictly Business: An 51本色Forum on Small Business FinancingMay 8, 2019
- Decrypting Cryptocurrency ScamsJune 25, 2018
- FinTech Forum: Artificial Intelligence and BlockchainMarch 9, 2017
- FinTech Series: Marketplace LendingJune 9, 2016
- Follow the Lead: An 51本色Workshop on Lead GenerationOctober 30, 2015
- Big Data: A Tool for Inclusion or Exclusion?September 15, 2014
- Spring Privacy Series: Mobile Device TrackingFebruary 19, 2014
- Internet of Things - Privacy and Security in a Connected WorldNovember 19, 2013
- Mobile Security: Potential Threats and SolutionsJune 4, 2013
- Mobile Cramming: An 51本色RoundtableMay 8, 2013
- Paper, Plastic... or Mobile? An 51本色Workshop on Mobile Payments April 26, 2012
- Big Data: A Tool for Inclusion or Exclusion? Understanding the Issues (51本色Report) ( )
- 51本色 Staff Report On the November 2013 Workshop Entitled The Internet of Things: Privacy and Security in a Connected World ( )
- What's the Deal? A 51本色 Study on Mobile Shopping Apps (August 2014) ( )
- Mobile Cramming: A 51本色 Staff Report (July 2014) ( )
- Start with Security: A Guide for Business ( )
- FTC's Endorsement Guides: What People Are Asking ( )
- Stick with Security: A Business Blog Series ( )
- Protecting Personal Information: A Guide for Business ( )
- Comience con seguridad: una gu铆a para negocios ( )
- C贸mo Proteger la Informaci贸n Personal: Una Gu铆a para Negocios ( )
- How To Comply with the Privacy of Consumer Financial Information Rule of the Gramm-Leach-Bliley Act ( )
