FTC v. Biz2Credit case page
Archived source: FTC v. Biz2Credit case page. Captured from www.ftc.gov.
Cited in: Biz2Credit · Clarine Nardi Riddle · Evan R. Zullow · James Doty · Jennifer L. Rochon · Jonathan S. Gitlin · Lina Khan · Rohit Arora · and 1 more profile
Full text
Case Summary Biz2Credit, Inc., and its subsidiary, Itria Ventures, have agreed to pay $33 million in damages to settle the Federal Trade Commission’s charges that they deceptively advertised that consumers’ emergency PPP loan applications would be processed in an average of 10-14 business days when, in reality, the average processing took well over a month. The FTC’s complaint that Biz2Credit’s application processing was riddled with delays, and the average processing time was double what the defendants claimed, with tens of thousands of consumers waiting more than two months for a final determination. Even though they were aware of these delays, the defendants continued to make their false timing claims to consumers until nearly the end of the program.
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- biz2credit-inc-ftc-v_c312ac752f6aafd1.html
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- 992,902 bytes
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- b9ba8c19588a46f142e611dc8c81bc8d24702619f0591bbbd24eab0992a9b5a3
- Original
- www.ftc.gov