![Image of the Federal Trade Commission building in the United States. Image of the Federal Trade Commission building in the United States.](https://www.lawcommentary.com/img/articles/8QNn70IGizdYNvDuOeEG4BtRRCgTQIdZ5TR4zxKm.jpeg?fit=crop&fm=jpg&h=111&w=111&signature=8b765acd7f52ab7e5e72de47e6a4994f02474d7262dc1e035aae4f523454444d)
San Francisco-based FinTech app ‘Beam’ promised clients above-market rates on federally insured deposits with 24/7 access to their funds, but did not return their deposits when requested, as noted in a new federal lawsuit filed by the Federal Trade Commission (FTC). The banking app is now being investigated by The... Read More »