Consumer Lending Industry news and trends

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CFPB Targets Tipping Model Used by Serena Williams-Backed SoLo Funds

July 19, 2024
The Consumer Financial Protection Bureau (CFPB) is intensifying its scrutiny of SoLo Funds, a lending startup backed by tennis star Serena Williams. The CFPB has introduced a proposed rule that would restrict the way SoLo charges its customers. This action follows a lawsuit filed by the regulator earlier this year, alleging deceptive lending practices by […]