CFPB Points out Fintech’s Backing Problem ‘Misconstrues’ Regulation

.By Katryna Perera (September 18, 2024, 10:47 PM EDT)– The Customer Financial Protection Bureau said to a California federal judge that its suit indicting fintech lending institution SoLo Finances Inc. of incorrectly proclaiming interest-free lendings on its own platforms should go ahead even with SoLo’s insurance claims that the firm is functioning along with a prohibited financing scheme, to name a few traits … Law360 gets on it, therefore you are, also.A Law360 subscription places you at the center of fast-moving lawful concerns, fads as well as growths so you can act with velocity as well as peace of mind.

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