SoLo Funds settles lawsuit over predatory lending accusations in District of Columbia
TechCrunch
MAY 10, 2023
In addition, the OAG claims company was “advertising affordable and flexible loans with no interest and no fees,” but then was requiring borrowers “to pay a percentage of the loan as a ‘tip’ to the lenders,” and “soliciting borrowers to pay a percentage of the loan to the company as a ‘donation.’”
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