{"id":690585,"date":"2022-09-29T19:26:03","date_gmt":"2022-09-29T23:26:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/moneylion-responds-to-cfpbs-meritless-complaint\/"},"modified":"2022-09-29T19:26:03","modified_gmt":"2022-09-29T23:26:03","slug":"moneylion-responds-to-cfpbs-meritless-complaint","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/moneylion-responds-to-cfpbs-meritless-complaint\/","title":{"rendered":"MoneyLion Responds to CFPB\u2019s Meritless Complaint"},"content":{"rendered":"

<\/p>\n

MoneyLion Responds to CFPB\u2019s Meritless Complaint<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nIn response to a press release and complaint filed today by the Consumer Financial Protection Bureau (\u201cCFPB\u201d or the \u201cBureau\u201d), which is isolated to one of the company\u2019s many product offerings, MoneyLion Inc. (\u201cMoneyLion\u201d) (NYSE: ML) issued the following statement:\n<\/p>\n

\n\u201cMoneyLion has cooperated in good faith with the CFPB for over three years regarding our membership offering. Our innovative membership program helps service members and other customers save, invest, build credit and improve their overall financial lives. Despite our cooperation, the Bureau has chosen the sensationalist route of prioritizing headlines instead of engaging in constructive dialogue to address their questions and to achieve better consumer outcomes.\n<\/p>\n

\nWe will vigorously defend against these false allegations to set the record straight as we continue to deliver innovative financial products that help our customers.\n<\/p>\n

\nThe claims made by the Bureau about our membership offering, a product that represents a small subset of MoneyLion\u2019s business, are without merit. MoneyLion has the highest regard for its military and veteran customers and are committed to working with this important community to help them achieve better financial health. MoneyLion is honored to serve this important segment of its customer base and is grateful for the sacrifice these men and women have made for our country.\n<\/p>\n

\nMoneyLion\u2019s mission is to rewire the financial system to positively change the path of every hard-working American. Our 750 plus employees have worked to continuously refine and innovate our products to deliver financial tools that help middle income families. We are proud of our company, our commitment to our military and veteran customers, and will continue to innovate and develop products that help people improve their financial health.\u201d\n<\/p>\n

About MoneyLion<\/b><\/p>\n

\nMoneyLion is the go-to destination for personalized financial content, products and advice. MoneyLion\u2019s mission is to rewire the financial system to positively change the path of every hard-working American. MoneyLion uses its proprietary data advantage and technology to empower its customers. MoneyLion engages and educates its customers with daily, hyper-personalized money-related and money-adjacent content that is delivered through each customer\u2019s own content feed. MoneyLion provides its customers a full suite of financial and non-financial solutions, bundling its proprietary, low-cost financial products with products that are offered through its marketplace technology and network affiliate partners. MoneyLion also leverages its distinct data, technology, and network advantages to deliver leading embedded finance and marketplace solutions for enterprise customers. Since its founding in 2013, MoneyLion has empowered millions of Americans to take control of their finances and live their best financial life, every day.\n<\/p>\n

\nFor more information about the company, visit www.moneylion.com<\/a>. For investor information and updates, visit investors.moneylion.com<\/a> and follow @MoneyLionIR on Twitter.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20220929005979\/en\/<\/a><\/span><\/p>\n

\nMoneyLion Communications
\n
pr@moneylion.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Banking Professional Services Consumer Technology Other Communications Other Consumer Public Relations\/Investor Relations Communications Finance Other Technology Congressional News\/Views Public Policy\/Government<\/p>\n

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MoneyLion Responds to CFPB\u2019s Meritless Complaint NEW YORK–(BUSINESS WIRE)– In response to a press release and complaint filed today by the Consumer Financial Protection Bureau (\u201cCFPB\u201d or the \u201cBureau\u201d), which is isolated to one of the company\u2019s many product offerings, MoneyLion Inc. (\u201cMoneyLion\u201d) (NYSE: ML) issued the following statement: \u201cMoneyLion has cooperated in good faith with the CFPB for over three years regarding our membership offering. Our innovative membership program helps service members and other customers save, invest, build credit and improve their overall financial lives. Despite our cooperation, the Bureau has chosen the sensationalist route of prioritizing headlines instead of engaging in constructive dialogue to address their questions and to achieve better consumer outcomes. We will vigorously defend against … <\/p>\n

Continue reading “MoneyLion Responds to CFPB\u2019s Meritless Complaint”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-690585","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMoneyLion Responds to CFPB\u2019s Meritless Complaint - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/moneylion-responds-to-cfpbs-meritless-complaint\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MoneyLion Responds to CFPB\u2019s Meritless Complaint - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"MoneyLion Responds to CFPB\u2019s Meritless Complaint NEW YORK–(BUSINESS WIRE)– In response to a press release and complaint filed today by the Consumer Financial Protection Bureau (\u201cCFPB\u201d or the \u201cBureau\u201d), which is isolated to one of the company\u2019s many product offerings, MoneyLion Inc. (\u201cMoneyLion\u201d) (NYSE: ML) issued the following statement: \u201cMoneyLion has cooperated in good faith with the CFPB for over three years regarding our membership offering. Our innovative membership program helps service members and other customers save, invest, build credit and improve their overall financial lives. Despite our cooperation, the Bureau has chosen the sensationalist route of prioritizing headlines instead of engaging in constructive dialogue to address their questions and to achieve better consumer outcomes. 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