The FinTech IPO Index traded slightly lower, off 0.7%, as platforms led the group to the downside. But even with the dip, the Index itself is up slightly more…
The California Department of Financial Protection and Innovation (DFPI) is seeking a ruling that would block Chicago-based Opportunity Financial (OppFi) from offering loans with an interest rate above California s maximum of 36%.
California case could deal blow to high-interest online lenders By Reuters investing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investing.com Daily Mail and Mail on Sunday newspapers.
A California judge is poised to decide if an online lender offering small loans at over 150% interest violates state law, which would deal a blow to finance companies that critics argue have.