News & Analysis as of

Coronavirus/COVID-19 Paycheck Protection Program (PPP) FTC Act

Read guidance, analysis, and updates on the myriad issues arising from the global response to the COVID-19 pandemic. Updated hourly every day, the insights published here are written by leading lawyers and law firms... more +
Read guidance, analysis, and updates on the myriad issues arising from the global response to the COVID-19 pandemic. Updated hourly every day, the insights published here are written by leading lawyers and law firms helping to make sense of insurance, employment, tax, securities, M&A, risk management, and every other consideration touched by this crisis. Follow the channel for a daily email brief of the latest and best updates. less -
Wiley Rein LLP

Wiley Consumer Protection Download (August 12, 2025)

Wiley Rein LLP on

Federal and State Regulatory Announcements- CFPB Seeks Comment on New Thresholds for Larger Participants in the Automobile Financing, Consumer Reporting, International Money Transfer, and Debt Collection Markets. On August...more

Orrick, Herrington & Sutcliffe LLP

FTC fines two fintech firms $59 million for PPP loan practices

On March 18, the FTC announced enforcement actions against two companies that allegedly made “false promises” to small businesses seeking Paycheck Protection Program (PPP) loans. Both companies have agreed to settle with the...more

Cozen O'Connor

FTC Secures $59 Million Settlement over Fintech Firms’ Allegedly Misleading PPP Loan Claims

Cozen O'Connor on

The FTC has reached settlement agreements with fintech firms Biz2Credit, Inc. and Oto Analytics, Inc. (doing business as Womply) to resolve allegations that the companies misled small businesses during the COVID-19 pandemic...more

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