California revokes cryptocurrency lender’s license after suspension
The DFPI originally suspended the cryptocurrency lender’s California Licensing Law (CFL) license in 2022 pending an investigation.
The DFPI originally suspended the cryptocurrency lender’s California Licensing Law (CFL) license in 2022 pending an investigation.
The report highlighted changes in lending patterns and identified lenders with significant activities in minority and majority-minority census tracts.
The company allegedly engaged in unfair and abusive practices related to money-transfer services used by the friends and family of incarcerated individuals.