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Monday, May 18, 2020

Misleading Coronavirus Relief Loan Marketing


https://www.ftc.gov/news-events/press-releases/2020/05/ftc-sba-warn-operator-sbacom-lead-generator-lendio-stop?utm_source=govdeliveryThere is a great deal of information floating around at the moment about relief programs for small business owners and it can be difficult to know what information to trust. In this case, the SBA and the FTC sent warning letters to ITMedia Solutions and Lendio because their sites could confuse small business owners seeking funding under the Paycheck Protection Program (PPP) and other SBA programs. 

You can read the full press release here:

The letters warn the recipients to take immediate action to ensure all deceptive claims are removed and to remediate any harm to small business consumers as a result of the claims. The letters also instruct the recipients to notify the FTC within 48 hours about the specific actions they have taken to address the agency’s concerns.





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