FTC sues San Antonio financial app FloatMe, accusing it of customer deception
The Federal Trade Commission has sued San Antonio financial app company FloatMe Corp., alleging it engaged in deceptive practices such as charging customers without consent and being unclear about eligibility standards for cash advances it provides. The suit, filed Tuesday in San Antonio federal court, also names company co-founders Joshua Sanchez and Ryan Cleary. Federal authorities are asking for $3 million in damages and want the court to issue a permanent injunction against future violations by FloatMe.
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