Last Updated
Case Status
Pending
Federal Trade Commission, Plaintiff, v. Beam Financial Inc., a corporation; and Yinan Du, individually and as an officer of Beam Financial Inc.; Defendants.
FTC Matter/File Number
182 3177
Enforcement Type
Federal Injunctions
Federal Court
Northern District of California
Case Summary
The FTC sued the operators of a mobile banking app, alleging that they falsely promised users high interest rates on their accounts and “24/7” access to their funds.