The Federal Trade Commission (FTC) announced a settled action on April 22 with Canadian company RevenueWire (the Company) and its CEO to resolve allegations that the Company assisted and facilitated two tech-support scams that the FTC had previously targeted. Under the alleged scheme, consumers were marketed tech support services to “fix” nonexistent computer problems, leading to hundreds of millions of dollars of consumer injury.
FTC Settlement May Raise the Compliance Bar for Fintechs
By
Michael A. Cumming
,
Nicholas M. Gess
,
David I. Monteiro
,
Andrew M. Ray
, and
Daniel B. Tehrani
//
April 23, 2020