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Bureau of Consumer Financial Protection v. Driver Loan, LLC et al
Case Number:
1:20-cv-24550
Court:
Nature of Suit:
Judge:
Firms
Government Agencies
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May 28, 2021
Fla. Ride-Hailing Lender Would Refund $1M Under CFPB Deal
The Consumer Financial Protection Bureau has reached a deal to settle its deceptive practices suit against a Florida fintech lender catering to drivers for ride-hailing companies, asking a Miami federal judge to approve terms that require the company and its CEO to return roughly $1 million to consumers and pay a fine.
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November 06, 2020
CFPB Suit Claims Florida Loan Co. Misleading Consumers
A Florida fintech company and its CEO offering a bank-like deposit program to fund short-term rideshare driver loans are misleading consumers and charging annual percentage rates of almost 1,000%, according to a complaint filed by the U.S. Consumer Financial Protection Bureau.