The Latest in Consumer Advice
Consumer Alerts
Loans and Mortgages
Consumer Alert
Paycheck Protection Program loan processor told applicants they would get funding. They overpromised
When it comes to small business loans, time is money. That was especially true early in the pandemic: when many small businesses were struggling to stay open, and Paycheck Protection Program (PPP) funds were limited. So, when Womply advertised that small businesses, including gig workers and one-person small businesses, could get fast PPP funding if they applied through the company, millions of applications came pouring in. The problem, says the FTC, is that Womply didn’t live up to its promises. And that hurt millions of small businesses.
Loans and Mortgages
Consumer Alert
Paycheck Protection Program lender pays the price for lying about loan processing times
Delays in processing loans needed by small businesses in an emergency — like the pandemic — can leave them struggling to stay open. And deceiving consumers about these delays violates the law. The FTC says that's what happened when small businesses applied for emergency Paycheck Protection Program loans from Biz2Credit Inc.
Health
Consumer Alert
Refunds for Benefytt customers who paid for health plans and products
Did you pay Benefytt, which also did business as “MyBenefitsKeeper,” for a health plan or product that didn’t deliver the comprehensive insurance coverage the company promised? You might be getting some of your money back.
Get consumer alerts
More from the FTC
More Tips and Advice