The Trump administration's got its eyes on the Consumer Financial Protection Bureau. What's at stake for Americans? Experts weigh in.| USA TODAY
Blog: Predatory Fintechs Score as Trump-Musk CFPB Caves on Lawsuit| Americans for Financial Reform
WASHINGTON, DC – Attorney General Brian L. Schwalb today announced a settlement with SoLo Funds Inc. (SoLo), an online fin-tech platform that facilitates and advertises loans to District consumers, which resolves allegations that SoLo deceived consumers about the true cost of the loans on its platform and facilitated loans with over 500% APR on average—far exceeding the District's 24% usury cap. SoLo’s platform is based upon a model in which individual consumers lend money to other in...| oag.dc.gov
In the News: Federal judge blocks Musk team’s effort to shutter top consumer agency| Americans for Financial Reform
The CFPB sued SoLo Funds, which runs a peer-to-peer lending platform, for lying to borrowers and deceiving them about the total cost of loans.| Consumer Financial Protection Bureau