The FTC says it has permanently shut down mobile savings app Beam under a settlement that must be approved by a federal judge. Beam promised to pay interest as high as 7% on FDIC insured deposits with ...

Beam promised high interest rates through its mobile savings app, but a CNBC investigation last year found dozens of customers couldn't get their money returned. The Federal Trade Commission sued the ...

Beam, a mobile banking app, will be banned from offering such services and must give full refunds to users. The announcement was made as part of a settlement with the Federal Trade Commission (FTC).

NEW YORK--(BUSINESS WIRE)--PDX Global, a digital banking and payments developer for the crypto economy, announces its PDX Beam payments application suite, available for download from the Apple App ...

Beam, which offers a savings app to consumers with the help of partners Huntington Bank, R&T and Dwolla, has been in hot water since September 2019, when it says it started becoming the target of ...

Beam Financial, which launched a consumer banking app in September 2019, had a familiar pitch: It would give consumers a better deal than banks do. Processing Content "Beam’s vision is to make ...

The customers of mobile savings app Beam had been complaining that they were able to deposit funds but couldn’t get their money back out. The Fintech also allegedly failed to live up to promised high ...

San Francisco-based fintech company Beam has been prohibited from operating any mobile banking app after the FTC found they misled users about access to funds and interest rates. SAN FRANCISCO (KGO) - ...

SAN FRANCISCO--(BUSINESS WIRE)--Beam, the first mobile high-interest bank account (HIBA) designed for the “99%,” many of whom are millennials and hard-working middle class citizens, is excited to ...