CFPB States Fintech’s Backing Challenge ‘Misconstrues’ Regulation

.Through Katryna Perera (September 18, 2024, 10:47 PM EDT)– The Customer Financial Protection Agency informed a California federal government judge that its legal action indicting fintech lender SoLo Funds Inc. of falsely touting interest-free finances on its own platforms should continue regardless of SoLo’s claims that the company is actually working with a prohibited backing system, to name a few traits … Law360 is on it, so you are, too.A Law360 subscription places you at the center of fast-moving lawful issues, fads and also growths so you can show rate as well as confidence.

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