CFPB Says Fintech’s Funding Difficulty ‘Misconstrues’ Regulation

.By Katryna Perera (September 18, 2024, 10:47 PM EDT)– The Customer Financial Defense Agency informed a California federal government court that its own legal action charging fintech financial institution SoLo Dollars Inc. of wrongly boasting interest-free loans on its own systems must move on in spite of SoLo’s insurance claims that the company is actually functioning along with an illegal backing plan, and many more points … Law360 is on it, therefore you are, also.A Law360 subscription places you at the center of fast-moving legal problems, trends and progressions so you can easily show rate as well as peace of mind.

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