false

BloomTech Slammed with Fines by Consumer Financial Protection Bureau for Deceptive Claims

The CFPB is permanently banning BloomTech from consumer lending activities and its CEO, Austen Allred, from student lending for a period of ten years. Allred founded BloomTech, which rebranded from the Lambda School in 2022 after cutting half its staff, in 2017. (According to the CFPB, BloomTech originated “at least” 11,000 such loans.) BloomTech didn’t market the loans as such, saying that they didn’t create debt and were “risk free,” and advertised a 71%-86% job placement rate. And, unbeknownst to many students, BloomTech was selling a portion of its loans to investors while depriving recipients of rights they should’ve had under a federal protection known as the Holder Rule.

Max Chen
April 17, 2024

Fintech, Gadgets

“False Alarm or Real Threat? iMessage Bug Concerns Crypto Wallet Developer”

A crypto wallet maker claimed this week that hackers may be targeting people with an iMessage “zero-day” exploit — but all signs point to an exaggerated threat, if not a downright scam. Trust Wallet’s official X (previously Twitter) account wrote that “we have credible intel regarding a high-risk zero-day exploit targeting iMessage on the Dark Web. According to Apple, there is no evidence anyone has successfully hacked someone’s Apple device while using Lockdown Mode. For its part, CodeBreach Lab appears to be a new website with no track record. TechCrunch could not reach CodeBreach Lab for comment because there is no way to contact the alleged company.