CATrends: Deceptive Deals
The holiday shopping season is here. Tread carefully.
Beam’s Banking App
Case Name (Date)
Chang et al v. Beam Financial, Inc.
20-cv-7931, N.D. Cal.
(Nov. 2020)
Product/Service
Beam’s Mobile Banking App
Allegations
Falsely representing that Beam pays high interest rates on savings accounts and that money would be accessible to consumer “24/7”
Status
Pending
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