California Pulls Blockfi’s Lending License, Slaps Fines After Regulatory Breach

The California Division of Monetary Safety and Innovation (DFPI) has revoked Blockfi Lending LLC’s finance lending license for violations below California’s Financing Legislation (CFL). Blockfi agreed to the revocation and to halt sure practices deemed dangerous, following an examination that exposed the corporate didn’t assess debtors’ reimbursement means, charged curiosity earlier than disbursement, uncared for to […]



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