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> But industry trade group the Financial Technology Association, which represents both firms, defended the safety of the funds. > “Tens of millions of American
by heliodor 3y ago
> But industry trade group the Financial Technology Association, which represents both firms, defended the safety of the funds.
> “Tens of millions of American consumers and small businesses rely on payment apps to better spend, manage, and send their money. These accounts are safe and transparent,” the group said in the statement. “FTA members provide clear and easy-to-understand terms in all their products and prioritize consumer protection every step of the way.”
I don't see where the defense is in that statement!
- George83728 3y agoThe defense (lie) is here: "These accounts are safe and transparent," Safe: No, people lose their money to these companies all the time. Transparent: No, these companies stonewall people after stealing their money. They claim this stonewalling is legally required by AML laws or to deny information to criminals, but no matter which way you slice it, 'transparent' is a lie.