OppFi asks court to reject California Department of Financial Protection and Innovation’s “true lender” challenge to loans made through bank partnership
CFPB Monitor
MAY 19, 2022
If such conduct constitutes actionable ‘evasion,’ that would render the constitutional and statutory exemptions null and void.”. It argues that “the Program is structured in a manner to lawfully qualify for the constitutional and statutory exemptions to interest rate caps in California.
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