Fintech Week in Review: December 2020 | Perkins Coie
Weekly Fintech Focus FTC files suit against a mobile app that advertised high-interest deposit accounts and easy access to customer funds but failed to deliver. OCC proposes rule to ensure fair access to financial services and to codify the reversal of policies imposed under Operation Choke Point. CFPB issues an advisory opinion clarifying that certain earned wage access services are not credit under Regulation Z. 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...
Source: jdsupra.com