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CFPB sues MoneyLion for overcharging servicemembers
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Consumer Protection, Emerging Technology, Nonbank Financial
Friday, October 7, 2022
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The Consumer Financial Protection Bureau (CFPB) has filed suit against MoneyLion Technologies and 38 of its subsidiaries for imposing illegal and excessive charges on servicemembers and their dependents.
This is the CFPB’s fourth enforcement action related to the Military Lending Act in the past two years.
Read on for more details.
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