Description

I’ve been attending several Zoom presentations over the past few weeks with a company called “The Power to Fund, LLC.” During one of the recent sessions, someone asked a question that really stood out about the transparency of who the company actually works with when it comes to the lenders, processors, and trading partners. I thought that was a valid concern, especially since a lot of people on the calls have mentioned questions about data privacy and security. The company says it connects borrowers to lenders and describes a “self-liquidating loan” program where borrowed funds are supposedly placed into a trading system that earns between 5 and 15 percent a month to pay back the loan automatically. Applicants are asked to send their Experian login credentials, Social Security numbers, and driver’s licenses to a ProtonMail address. The presenters also admit they are not licensed brokers or lenders, and while they say they’re registered in Wisconsin, no clear or verifiable information has been provided about who the actual lending institutions or trading entities are. I wanted to bring this to attention because the company’s lack of transparency about its partners and processes makes it difficult to confirm whether it’s operating as a legitimate financial program or something that could expose people’s personal data to risk. It would be good for the proper agencies to review this company to make sure everything is above board.