Explore stories from Atlantic Canada.
N.S. flood victim surprised by apartment makeover | SaltWireNEW YORK - Brigit, which operates a personal finance app, agreed to pay $18 million to settle U.S. regulatory charges it falsely promised instant cash advances of up to $250 to consumers who live paycheck to paycheck, and locked them into $9.99 per month memberships that were hard to cancel.
It calls for New York-based Brigit, also known as Bridge It, to stop its alleged deceptive marketing, improve its disclosures and make it easy to cancel. The $18 million would go toward refunds for consumers. The FTC claims"go against everything we have worked so hard to build on behalf of our customers," the spokesman said.
According to the FTC, just 1% of consumers who paid monthly fees for Brigit's"Plus" memberships could obtain $250 cash advances, and 20% were denied advances entirely, despite being told they could get money"when they need it."
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New details of FTC antitrust lawsuit against Amazon made publicExplore stories from Atlantic Canada.
Read more »
Amazon Boosted Junk Ads, Deleted Messages to Thwart Antitrust Probe, FTC SaysAmazon.com Inc. doubled the number of junk ads to boost profits and deleted internal communications to thwart a federal antitrust probe, according to fresh details released by the US Federal Trade Commission in a less redacted complaint against the online retail giant Thursday.
Read more »
US Senator Schumer urges FTC to probe Exxon, Chevron mega-dealsEarlier this month, Exxon proposed to buy Pioneer Natural Resources for $60 billion and Chevron agreed to acquire Hess for $53 billion. The Democratic...
Read more »
US Senator Schumer urges FTC to probe Exxon, Chevron mega-dealsExplore stories from Atlantic Canada.
Read more »
City staff to explore relocating proposed Ontario Place spa to Exhibition PlaceThe city staff will investigate the possibility of moving the proposed spa at Ontario Place to Exhibition Place.
Read more »
N.L. has a plan to explore and develop the 34 critical minerals found in its geologyExplore stories from Atlantic Canada.
Read more »