The complaint stated that LendingClub violated federal laws which protect consumers from unfair and deceptive practices; LendingClub stock price dropped on the news which related to LendingClub’s promise of no hidden fees and a statement to applicants that “Investors Have Backed Your Loan” even though borrowers may not have been approved; some borrowers also experienced overdraft fees when LendingClub withdrew double payments according to the complaint. LendingClub responded to the complaint by issuing a press release. Source
FTC is Concerned About Big Tech and Payments. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
FTCThe Federal Trade Commission is returning more than $10 million t
FTX's decision to acquire Bitvo comes after rival exchange Binance pulled out of Ontario amid regulatory pressure last year.
Talks of another acquisition are part of FTX and its founder Sam Bankman-Fried's aggressive acquisition approach amid a major downturn in the crypto market.
Shares in Robinhood rose as much as 42% in after-hours trading.
FTX has raised $400 million in a Series C funding round that values the cryptocurrency exchange operator at $32 billion....
FTX US will serve as the exclusive partner for any crypto offerings offered by Dave.
Paradigm, a zero-fee liquidity network for crypto trading, launched one-click futures spread trading on FTX on Friday.
U.S. investors could deal directly with FTX instead of going through a broker, raising objections from CME and other legacy exchanges on risk.