Online car dealer Carvana (CVNA 6.52%) has suffered one of the sharpest drops of any stock in this bear market. Its shares are currently down almost 99% from their highs. Wall Street is rightly concerned about the company’s financial health. Carvana’s debt is trading at less than 50 cents on […]
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CFPB Sues MoneyLion for Overcharging Servicemembers and Trapping Consumers in Costly Memberships
Washington, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) sued MoneyLion Technologies, an online lender, and 38 of its subsidiaries, for imposing illegal and excessive charges on servicemembers and their dependents. The CFPB alleges that MoneyLion violated the Military Lending Act by charging more than the legally allowable 36% […]