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, as part of the settlement, will now also be banned from running a mobile banking app or any other product or service used to deposit, store or withdraw funds, according to CNBC. We’d love to be ...

Beam Financial, Inc. (Beam), a mobile banking app, will be banned from offering any service that may be used to deposit, store, or withdraw funds, and must give a full refund to users as part of a ...

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 ...

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 ...