Nexo to pay $500K fine to California regulator over ‘risky loans’

Cointelegraph.com NewsCalifornia’s finance watchdog claims Nexo made nearly 5,500 loans to Californians without a valid license and did not properly assess their ability to repay. 

​California’s finance watchdog claims Nexo made nearly 5,500 loans to Californians without a valid license and did not properly assess their ability to repay.