Predatory Lending Thwarted: Enova Abandons Bank Acquisition Bid Amid Regulatory Scrutiny
WASHINGTON – In a significant victory for consumer advocacy groups and state regulators, Enova International, a major player in the online lending sector, has officially withdrawn its application to acquire Grasshopper Bank. The move concludes a high-stakes regulatory battle that pitted the financial technology firm against a coalition of consumer watchdogs who feared the deal…
