Lending License news and trends

CA Denies Lending License For BNPL Firm Sezzle

January 02, 2020
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CA Denies Lending License For BNPL Firm Sezzle

January 02, 2020
Sezzle — a “buy now, pay later” (BNPL) company based in Minnesota, but listed in Australia — was denied a crucial lending license from California. Rival BNPL company Afterpay’s application was approved by the state. The company offers U.S. and Canadian consumers modest, interest-free loans, then takes ownership of the contract agreements between merchants and […]