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Trump’s CFPB dismisses case against community-focused financial lending company - Washington Examiner

Summary by Washington Examiner
President Donald Trump’s Consumer Financial Protection Bureau dismissed a case against a community-focused financial lending company on Friday. SoLo Funds is a peer-to-peer financial lending platform, boasting over 2 million downloads of its app on its website. In May 2024, former President Joe Biden’s CFPB sued the company, alleging it was deceiving borrowers and illegally extracting fees. The app feature in question allows users to give a “tip…

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Washington ExaminerWashington Examiner

Trump’s CFPB dismisses case against community-focused financial lending company - Washington Examiner

President Donald Trump’s Consumer Financial Protection Bureau dismissed a case against a community-focused financial lending company on Friday. SoLo Funds is a peer-to-peer financial lending platform, boasting over 2 million downloads of its app on its website. In May 2024, former President Joe Biden’s CFPB sued the company, alleging it was deceiving borrowers and illegally extracting fees. The app feature in question allows users to give a “tip…

·Washington, United States
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Blue Water Healthy LivingBlue Water Healthy Living

Under Trump, consumer watchdog drops case against online lender - Blue Water Healthy Living

By Douglas Gillison (Reuters) – The U.S. Consumer Financial Protection Bureau, which President Donald Trump has moved to abolish, told a court on Friday it was dropping a lawsuit against the online lending platform Solo Funds, which the agency had earlier accused of deceiving borrowers about the cost of loans. The case, which the CFPB filed less than a year ago in federal court in Los Angeles, appeared to be the first to be withdrawn since the T…

·Port Huron, United States
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Blue Water Healthy Living broke the news in Port Huron, United States on Friday, February 21, 2025.
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