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

by Bitcoin.com
November 9, 2024
in Cryptocurrency
Reading Time: 1 min read
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The California Division of Monetary Safety and Innovation (DFPI) has revoked Blockfi Lending LLC’s finance lending license for violations underneath California’s Financing Regulation (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 potential, charged curiosity earlier than disbursement, uncared for to […]



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Tags: BlockfisbreachCaliforniafineslendingLicensepullsRegulatorySlaps
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