OppFi files complaint to block “true lender” challenge by California Department of Financial Protection and Innovation
CFPB Monitor
MARCH 15, 2022
Given such continuing threats, non-bank participants would be well-advised to revisit their vulnerability to “true lender” challenges and their compliance with state licensing laws. In addition to “true lender” threats, non-bank participants in bank-model programs will continue to face state licensing threats.
78 
Let's personalize your content