September 29, 2022
The Consumer Finance Protection Bureau (CFPB) has sued online lender MoneyLion, along with 38 of its subsidiaries, over allegedly imposing illegal charges for service members and dependents, a report from ConsumerFinance.gov said. According to the CFPB, MoneyLion violated the Military Lending Act by charging more than the legal 36% rate cap on loans for servicemembers […]
