SoLo Funds, Inc.

On May 17, 2024, the Bureau filed a lawsuit against SoLo Funds, Inc. (SoLo), a fintech company that operates a nationwide website and mobile-application based peer-to-peer lending platform through which consumers can obtain small-dollar, short-term loans. The complaint, which the Bureau amended on August 20, 2024, alleged that SoLo’s conduct violated the Consumer Financial Protection Act of 2010 and the Fair Credit Reporting Act.

On February 21, 2025, pursuant to a stipulated dismissal, the matter was voluntarily dismissed against all defendants with prejudice, and the case was terminated the same day.

Related documents

Complaint

Amended Complaint (This version has been modified from the version that was submitted to the court in order to optimize the reading experience for individuals with disabilities. No text has been changed.)

Joint Stipulation of Voluntary Dismissal with Prejudice