MoneyLion and MoneyKey
Date: Sun, 05/14/2017 - 15:12
Hi,
On one of my previous posts someone told me both MoneyKey & MoneyLion are illegal. I can't find anything on them being tribal, nor can I find anything on them in these forums. I'm just wondering what makes them illegal? I'm just trying to get all my letters ready to send and want to have the right information. I'm in Texas.
On one of my previous posts someone told me both MoneyKey & MoneyLion are illegal. I can't find anything on them being tribal, nor can I find anything on them in these forums. I'm just wondering what makes them illegal? I'm just trying to get all my letters ready to send and want to have the right information. I'm in Texas.
Okay. * MoneyKey is licensed
Okay.
* MoneyKey is licensed as a Credit Services Organization (CSO) and Credit Access Business (CAB) in the states Ohio and Texas, respectively.- I got this information from the official website of Moneykey. But this is equally true that they were penalized in 2015 for breaking Virginia’s consumer finance statutes. They were imposed a penalty of $4 million.
Check this:
http://www.oag.state.va.us/media-center/news-releases/671-december-18-2015-herring-announces-settlement-valued-at-4-million-with-online-lender
