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Corpening v. MoneyLion Inc. et al
Case Number:
3:19-cv-00282
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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July 10, 2019
Online Lending Startup Tries To Push Usury Suit To Arbitration
Online lending startup MoneyLion told a North Carolina federal court Tuesday that a suit over alleged unlicensed payday lending belongs in arbitration, arguing the proposed class of borrowers had signed valid arbitration agreements when taking out their loans.
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June 19, 2019
MoneyLion Accused Of Making Illegal Loans To NC Borrowers
Online lending startup MoneyLion on Tuesday removed a suit to federal court accusing it of knowingly saddling North Carolina borrowers with short-term loans that have exorbitant interest rates and "draconian" terms without a license to lend in the state, in violation of state and federal law.