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MoneyLion Sued for Overcharging Servicemembers and Trapping Consumers in Costly Memberships

The Consumer Financial Protection Bureau (CFPB) Sued Moneylion Technologies, an online lender, and 38 of its subsidiaries, for imposing illegal and excessive charges on servicemembers and their dependents. The CFPB alleges that MoneyLion violated the Military Lending Act by charging more than the legally allowable 36% rate cap on loans to servicemembers and their dependents, ...

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This post first appeared on Get Out Of Debt Guy - Steve Rhode - Learn How To Really Get Out Of Debt, please read the originial post: here

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MoneyLion Sued for Overcharging Servicemembers and Trapping Consumers in Costly Memberships

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