Posted on Sep 29, 2022

Feds allege online lender ‘overcharged and deceived’ troops, families

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Feds allege online lender ‘overcharged and deceived’ troops, families
By Karen Jowers
Sep 29, 05:43 PM
The Consumer Financial Protection Bureau has accused an online lender of overcharging troops. (baona/Getty Images)

Federal authorities are suing an online lender for allegedly overcharging and deceiving service members and their families.

The Consumer Financial Protection Bureau filed the lawsuit Thursday in federal court in the Southern District of New York, against MoneyLion Technologies, and 38 of its subsidiaries, including MoneyLion operations in 37 states.

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