Feb 9, 2022
2 min read
Utah Bank Called Out for Laundering Loans for Payday Predator
FinWise partnered with lender charging 149% interest
The District of Columbia yesterday announced a settlement with online lender Elevate that will refund millions of dollars to consumers. The agreement was reached as a result of Elevate violating interest rate caps in DC — the maximum rate for a loan there is 24%.
