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

The California Department of Financial Protection and Innovation (DFPI) has revoked Blockfi Lending LLC’s concern lending licence for violations nether California’s Financing Law (CFL). Blockfi agreed to the revocation and to halt definite practices deemed harmful, pursuing an introspection that revealed the institution failed to measure borrowers’ repayment ability, charged involvement earlier disbursement, neglected to […]