Tagged: ftc

Record $1.3 Billion Fine Levied Against Payday Lending Scheme

A federal court has sided with the Federal Trade Commission (FTC) imposing a record $1.3 billion fine against race car driver Scott A. Tucker and his associates affiliated with AMG Payday Lending. Tucker also faces a criminal trial in New York, according to the Kansas… Read More

Next FTC Fintech Forum to Discuss Crowdfunding, P2P Payments

The Federal Trade Commission (FTC) recently announced their next Fintech Forum.  The next event will take place on October 26th at the FTC HQ in Washington, DC. This is a free event and is open to the public.  The first event addressed Marketplace Lending and… Read More

FTC Holds Forum on Marketplace Lending (Deck)

The Federal Trade Commission (FTC) held its first in a series of forums on Fintech this past week.  At the top of the list was the marketplace lending sector. Marketplace lending, originally labeled Peer to Peer lending, has been a hot topic within the financial… Read More

FTC Launches Fintech Series Starting with Marketplace Lending

The Federal Trade Commission (FTC) is launching a series of forums to discuss the evolving Fintech sector, pretty much everything to do with finance moving online. The first in the series will begin next month, on June 9th, at the FTC’s Constitution Center in Washington,… Read More

Federal Trade Commission on Crowdfunding Scams

The Federal Trade Commission (FTC) settled charges today with a crowdfunding campaign creator that failed to deliver promised perks to backers. Erik Chevalier, doing business as the Forking Path Company, successfully raised over $122,000 from 1,246 backers.  Instead of using the money to fulfill his… Read More

John McAfee’s Company Future Tense Secure Systems Invests in QiKfunder

Founder of well known McAfee Anti-Virus and one time fugitive, John McAfee and his Future Tense Secure Systems (FTC) has acquired an equity stake in QiKFunder. QiKfunder is a security and privacy-minded crowdfunding company that seeks to provide a seamless  crowdfunding experience by offering fundraising… Read More

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