Fintech Lenders Facing Scrutiny in the States

SoLo funds reaches settlement in three states, other apps could soon see regulatory action

Andy Spears

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Photo by Marc-Olivier Jodoin on Unsplash

Charging a 500% APR on a short-term loan falls outside the bounds even in the most payday predator friendly states.

But when you disguise your fees as “tips” or “donations” and you couch your lending model in…

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Andy Spears

Writer and policy advocate living in Nashville, TN —Public Policy Ph.D. — writes on education policy, consumer affairs, and more . . .