“To get licensed or not to get licensed? That is the question.”

This is an update to an Internet lending class action settlement.  We reported back in July that the state of Wisconsin had settled a case w/ an online lender for $180k and forgave $432k in debt.  The lender, Arrowhead Investments LLC, was not licensed to give loans in the state of Wisconsin.

This is official now, and the lender can not lend in Wisconsin for the next 5 years.

This was reported in the AP News.

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