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Connecticut Banking Dept. issues cease and desist order to stop fintech loan finder from operating without small loan license

CFPB Monitor

The Order also directs SoLo to stop enforcing loans made to Connecticut residents and make restitution of any amounts it obtained in connection with such loans together with interest. To lend or borrow using the Platform, lenders and borrowers are required to set up a special account at a designated bank.

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Partnerships, Pivots And Bookended Data Breaches

PYMNTS

But it seems Goldman has decided to at least start trying by introducing the world to Marcus — their new online lending platform “for the masses.” Week-in and week-out this summer, we’ve seen another nationally known retailer or brand get hit by hackers.

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