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Violation Tracker Individual Record

Company: SoLo Funds Inc.
Penalty: $100,000
Year: 2023
Date: May 16, 2023
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: SoLo Funds agreed to pay $100,000 and refund charges in settlement of allegations the company did business in offering, soliciting, and/or brokering small loans, generated leads for loans, and acted as a consumer collection agency without a license, and engaged in deceptive practices towards consumers.
Level of Government: state
Action Type: agency action
Agency: Connecticut Department of Banking
Civil or Criminal Case: civil
Facility State: Connecticut
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.