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FTC secures record $59 million settlement from two fintechs
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Nonbank Financial
Friday, March 22, 2024
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The Federal Trade Commission (FTC) secured $59 million in total remediation from two fintechs charged with making false promises to small businesses seeking Covid-19 relief through the federal Paycheck Protection Program. The settlements mark the largest damage total ever obtained by the agency under the FTC Act.
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