Legislation360 (November 6, 2020, eight:47 PM EST) — A Florida fintech firm and its CEO providing a bank-like deposit program to fund short-term rideshare driver loans are deceptive shoppers and charging annual proportion charges of virtually 1,000%, in keeping with a criticism filed by the U.S. Shopper Monetary Safety Bureau.
Driver Mortgage LLC and CEO Angelo Jose Sarjeant provide cash-advance loans for drivers working for rideshare corporations like Uber and Lyft, deceiving clients who make deposits and take loans, the CFPB says in its lawsuit filed Thursday in Florida federal court docket.
Driver Mortgage started providing short-term, high-interest loans in 2017 to drivers, and whereas the corporate tells shoppers the annual…
Keep forward of the curve
Within the authorized career, info is the important thing to success. It’s a must to know what’s occurring with purchasers, rivals, apply areas, and industries. Legislation360 offers the intelligence that you must stay an professional and beat the competitors.
Entry to case knowledge inside articles (numbers, filings, courts, nature of go well with, and extra.)
Entry to hooked up paperwork equivalent to briefs, petitions, complaints, choices, motions, and so forth.
Create customized alerts for particular article and case matters and so much more!