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FTC Files Case Against RI Firm Allegedly Posing As SBA Lender; Company Claims Error

PYMNTS

A Rhode Island company is facing allegations of falsely claiming to be an authorized lender for the Small Business Association’s (SBA) Paycheck Protection Program (PPP). District Court for the District of Rhode Island, alleged that the company, also doing business as SBA Loan Program and SBA Loan Program.com, and its owner John C.

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Bitcoin Daily: Fed Reserve Could Add Bitcoin To Stress Tests; Thai SEC Bans 3 Cryptos

PYMNTS

Federal Reserve has announced amendments to a policy statement on the scenario design framework for stress testing, which could soon include a potential cryptocurrency market crash as one of the market risks. In other news, Rhode Island lawmakers have filed a bill to exempt certain blockchain tokens from securities laws.

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GOP Leader Demands Twitter CEO Testify In Antitrust Probe

PYMNTS

Jim Jordan , ranking member of the House Committee on the Judiciary, said in a letter , “there is bipartisan interest to hear from Twitter about its power in the marketplace, its role in moderating content on its platform, and the causes for its recent highly publicized security breaches.”. The letter was addressed to Democratic U.S.

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Bitcoin Daily: FINMA Grants Licenses To Two New Blockchain Firms; ShortHop Crypto Exchange Launches In Seven New States

PYMNTS

The Swiss Financial Market Supervisory Authority (FINMA) has granted the first “banking and securities licenses” to two blockchain companies: SEBA Crypto AG and Sygnum AG. states: Indiana, Massachusetts, Nevada, New Jersey, Rhode Island, Arizona and Montana. When you go on Gemini it’s the quoted price there as well.

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Bad Actors Emerge in PPP Lending – More Expected as Forgiveness Guidance Emerges

Abrigo

As the initial rush to secure PPP loans dies down, financial institutions now face a new set of questions: How do financial institutions handle misused, unforgiven loans and fraudulent loans? In the case of the two men in Rhode Island, there were several red flags pointing to fraud. Is there a difference?

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Three People Sue Apple Over iTunes Privacy Issues

PYMNTS

The plaintiffs, who live in Michigan and Rhode Island, are trying to get class-action status for the lawsuit. One of the allegations in the suit says the iPhone maker sold the plaintiff’s data to data brokers, who combined the information with other available data and then repackaged and resold it to marketing companies.

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Bitcoin Daily: Coincheck’s Investors Take Their Money, Iceland’s Big Mining Electricity Bill

PYMNTS

Until the market matures, cryptocurrency price manipulation is “unavoidable,” according to NEM President Lon Wong. “You see it in mainstream markets as well. Coinsource , the world’s largest bitcoin ATM network, has rolled out 10 new machines in Rhode Island, New Hampshire and Massachusetts.

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