May 28, 2021
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.
November 06, 2020
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.