"My Stapler Says a Hundred Percent Voluntary"
From the BBN segment “FTC sending $15.8 million to users of cash advance app”, cut down to under a minute.
The full story and the real reporting behind it (The Hill) →
From the BBN segment “FTC sending $15.8 million to users of cash advance app”, cut down to under a minute.
The full story and the real reporting behind it (The Hill) →
What BBN said on air. The facts are in the original report: The Hill.
Hank LedgerThe Federal Trade Commission says more than two million people are getting payments from a total of fifteen point eight million dollars tied to a cash advance app.
Hank LedgerWith us is Philomena Achterberg, chief executive of Slightly Early Financial Technologies. Ms. Achterberg, whose money is this?
Philomena AchterbergHank, tonight is about generosity.
Philomena AchterbergWe are giving back a full fifteen million dollars to our community, well, a portion of that, but the spirit is full.
Hank LedgerSo is that a yes that the FTC is the one sending it?
Philomena AchterbergWe are partners in the sending.
Philomena AchterbergI keep a gold stapler on my desk that says customer-first, and I looked at it for an hour before agreeing to partner.
Hank LedgerA stapler.
Philomena AchterbergA very heavy one. Two million customers, two million reasons to smile, and I would say nearly a thousand of them already have, by email.
Hank LedgerLet me ask you again. Did your company collect the money the FTC is now returning, yes or no?
Philomena AchterbergWe provided speed.
Philomena AchterbergCustomers paid a modest speed appreciation, which is a hundred percent voluntary, or ninety percent, depending on who you ask. My stapler says a hundred.
Hank LedgerThank you for the gift, Ms. Achterberg. I'll check my email for the receipt.
Philomena AchterbergDoes the stapler count as a receipt?