Explore tweets tagged as #floatme
The FTC is not wasting any time this year—here's a new case about subscription offers. The agency sued personal finance app FloatMe and its co-founders today. FloatMe allegedly charged users without consent and used "dark patterns designed to thwart ... attempts to cancel."
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Specifically, the FTC says FloatMe promised users $50 for free when they sign up, but 0.05% of consumers received $50.
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And when customers did manage to request cancellations, "FloatMe often fails to honor the cancellation requests," according to the Complaint.
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Back to FloatMe: The FTC says FloatMe's cofounder admitted that they intentionally designed the cancellation process to be difficult:
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FloatMe allegedly racked up customer complaints about its "faulty" cancellation procedures, including non-functional "cancel" buttons and other sources of "friction."
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Here, like in the FTC's case against MoviePass, the agency alleges that FloatMe violated ROSCA by failing to disclose material terms of the offer—including material terms that were not related to the subscription component:
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The SEC delays decision timeline, for BlackRock's proposed spot Ethereum ETF to March. FTC Acts to Stop #FloatMe’s Deceptive ‘Free Money’ Promises, Discriminatory Cash Advance Practices, and Baseless Claims around Algorithmic Underwriting, requires to provide $3M for refunds
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FloatMe (@floatmeapp) is notifying 401 victims after a data security incident. 29 days to respond. Grade: B. #CyberNewsLive
https://t.co/OACSEYZO2x
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Update: FloatMe has agreed to a $3M judgment.
The FTC is not wasting any time this year—here's a new case about subscription offers. The agency sued personal finance app FloatMe and its co-founders today. FloatMe allegedly charged users without consent and used "dark patterns designed to thwart ... attempts to cancel."
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La SEC retrasa el cronograma de decisión para el ETF spot de Ethereum propuesto por BlackRock hasta marzo. La FTC actúa para detener las promesas engañosas de “dinero gratis” de #FloatMe, las prácticas discriminatorias de adelantos en efectivo
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A SEC adia o cronograma de decisão do ETF Ethereum proposto pela BlackRock para março. A FTC age para impedir as promessas enganosas de 'dinheiro grátis' do #FloatMe, as práticas discriminatórias de adiantamento de dinheiro
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A unique option for those in-between-paycheck times, FloatMe is a fintech app that offers $50 cash advances between paychecks. While there is a monthly fee, there are no interest charges and no credit check is required for approval. Read more about our detailed review of FloatMe
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Weekend Vibes... with the and the new Knuckleheads🐶🐶🐶❤️❤️ Sheriff in town: The Bulldog Pool Floatie (Mommy's Mothers Day gift from our hooman BRUDDER)! #saturdayvibes#saturdayshenanigans#knuckleheads
#bulldogfun#bulldoglifestyle#poolfloaties#tuxedo#tu x#nellie#floatme#gift
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@floatmeapp @patrick_mckenna FloatMe was founded in #SanAntonio, TX — one of the most economically disparate cities in the nation — to create equality in the financial world. And, it was somewhere the business could shine. Watch a sneak peek. 👇 And catch the full story: https://t.co/aMJ1AjUPwp
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