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MoneyLion Settles for $1.75M Over Military Lending Violations

11/26/2025

29 2 Full Breakdown

Summary

Story summary

MoneyLion, the financial services company, will pay $1.75 million to settle a CFPB action for charging interest above the 36% Military Lending Act cap.
The settlement reduces the CFPB's active litigation cases to 12 cases.
The settlement requires MoneyLion to allow borrowers to cancel memberships tied to loans.
The settlement bars penalties for unpaid membership fees and requires compliance reporting to the CFPB.

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Story summary

MoneyLion, the financial services company, will pay $1.75 million to settle a CFPB action for charging interest above the 36% Military Lending Act cap.
The settlement reduces the CFPB's active litigation cases to 12 cases.
The settlement requires MoneyLion to allow borrowers to cancel memberships tied to loans.
The settlement bars penalties for unpaid membership fees and requires compliance reporting to the CFPB.