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Consumer Financial Protection Bureau v. SoLo Funds, Inc.
Case Number:
2:24-cv-04108
Court:
Nature of Suit:
Judge:
Firms
Government Agencies
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February 21, 2025
Trump-Targeted CFPB Drops Suit Against Online Lender
The embattled Consumer Financial Protection Bureau told a California federal judge Friday that it has dropped litigation it filed against online lending platform SoLo Funds, which the watchdog agency had accused of deceiving borrowers about the total cost of loans.
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February 06, 2025
Judges Balk At CFPB's Stay Bids In Capital One, SoLo Suits
Two federal judges have turned down requests from the Consumer Financial Protection Bureau to suspend activity in ongoing enforcement lawsuits amid its acting director's litigation freeze, including in the agency's case against Capital One NA.
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October 21, 2024
CFPB Funding No Reason To Ax SoLo Suit, Calif. Judge Says
Another federal judge has refused to dismiss a Consumer Financial Protection Bureau lawsuit on the grounds that the agency lacks valid funding, and has found that the agency has pled plausible deceptive advertising, state violations and other counts against fintech lender SoLo Funds Inc.
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September 18, 2024
CFPB Says Fintech's Funding Challenge 'Misconstrues' Law
The Consumer Financial Protection Bureau told a California federal judge that its lawsuit accusing fintech lender SoLo Funds Inc. of falsely touting interest-free loans on its platforms should proceed despite SoLo's claims that the agency is operating with an illegal funding scheme, among other things.
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May 17, 2024
Day After High Court Win, 'Full Strength' CFPB Sues Fintech
Fresh off its landmark victory at the U.S. Supreme Court, the Consumer Financial Protection Bureau on Friday filed its first contested enforcement action in months while its director separately pledged to push full-speed ahead with the agency "firing on all cylinders."