Thursday, 30 Oct 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • VIDEO
  • House
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Season
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > Tech and Science > Lending fintech SoLo Funds faces class-action lawsuit
Tech and Science

Lending fintech SoLo Funds faces class-action lawsuit

Last updated: October 22, 2024 2:01 pm
Share
Lending fintech SoLo Funds faces class-action lawsuit
SHARE

SoLo Funds Faces Class Action Lawsuit for Allegedly Misleading Consumers

SoLo Funds is currently in hot water as they are facing a new class action lawsuit, as reported by Bloomberg and seen by JS. The lawsuit accuses the company of deceptive practices in their loan offerings.

The complaint alleges that SoLo Funds misleads consumers by advertising zero interest fees on loans while actually encouraging additional “tip fees” and “donation fees” in order to secure the loans. These hidden fees are said to be difficult for borrowers to opt out of, ultimately making the loans more costly than initially expected.

This is not the first time SoLo Funds has come under legal scrutiny. The company has previously been sued by Connecticut, California, and the Consumer Financial Protection Bureau (CFPB). In a separate case, the CFPB accused SoLo Funds of using “digital dark patterns” to deceive consumers and unlawfully collect fees, despite their claims of no fees. While SoLo Funds has settled with the states of Connecticut and California, the lawsuit with the CFPB remains unresolved.

Despite these legal challenges, SoLo Funds has managed to secure significant funding, raising at least $13 million from investors such as Serena Williams, Alumni Ventures, and Techstars. The company, however, has declined to comment on the recent class action lawsuit.

See also  Is Masco Corp. (NYSE:MAS) a Small-Cap Manufacturing Stock Hedge Funds Are Buying?
TAGGED:classactionFacesfintechfundsLawsuitlendingSolo
Share This Article
Twitter Email Copy Link Print
Previous Article Buffalo Bills Mafia Doc Adds Chad Michael Murray, NFL Vet Andre Reed Buffalo Bills Mafia Doc Adds Chad Michael Murray, NFL Vet Andre Reed
Next Article This Art Dealer Paved the Way for Picasso, Matisse and Modigliani. So Why Haven’t You Heard of Her? This Art Dealer Paved the Way for Picasso, Matisse and Modigliani. So Why Haven’t You Heard of Her?
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

Cindy McCain, widow of Sen. John McCain and head of UN World Food Program, suffers stroke

Cindy McCain, widow of the late Senator John McCain and the Executive Director of the…

October 10, 2025

Justin Bieber To Sue Former Managers For Mishandling $300m his fortune

Justin Bieber is reportedly gearing up for a legal battle against his former business managers,…

October 24, 2024

Trump T1 Phone: How to Make a Cheaper, Better Version With This Samsung Galaxy

Earlier this week, The Trump Organisation made headlines with the launch of its own mobile…

June 26, 2025

Jeanine Pirro Cautions Jesse Watters Over Dark Take On CEO Shooting Suspect

Jesse Watters made controversial comments on Monday regarding the suspect in the shooting of UnitedHealthcare…

December 10, 2024

How Two Fathers Turned Personal Crisis Into Preeclampsia Innovation

Left to right Mirvie's cofounders: Maneesh Jain aand Stephen Quake Mirvie uses RNA technology to…

June 12, 2025

You Might Also Like

Sorry, but interstellar visitor 3I/ATLAS really is a comet, not aliens
Tech and Science

Sorry, but interstellar visitor 3I/ATLAS really is a comet, not aliens

October 30, 2025
Sorry, but interstellar visitor 3I/ATLAS really is a comet, not aliens
Tech and Science

Sorry, but interstellar visitor 3I/ATLAS really is a comet, not aliens

October 30, 2025
Kevin Costner Tries Again To Dismiss Lawsuit Over Alleged ‘Horizon’ Rape Scene
Entertainment

Kevin Costner Tries Again To Dismiss Lawsuit Over Alleged ‘Horizon’ Rape Scene

October 30, 2025
Astronomers Catch a Ring System Forming Around Chiron in Real Time : ScienceAlert
Tech and Science

Astronomers Catch a Ring System Forming Around Chiron in Real Time : ScienceAlert

October 30, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?