Consent Order Regarding ML Enterprise Inc. d/b/a Engine by MoneyLion

IN THE MATTER OF:
ML ENTERPRISE INC. d/b/a ENGINE BY MONEYLION d/b/a HTTPS://FIONA.COM/ f/k/a EVEN FINANCIAL INC. CONSENT ORDER NMLS # 1475872 (“ML Enterprise”) WHEREAS, the Banking Commissioner (“Commissioner”) is charged with the administration of
Part III of Chapter 668, Sections 36a-555 to 36a-573, inclusive, of the Connecticut General Statutes,
“Small Loan Lending and Related Activities,” as amended, and the regulations promulgated thereunder, Sections 36a-570-1 to 36a-570-17, inclusive, of the Regulations of Connecticut State Agencies; WHEREAS, ML Enterprise is a Delaware corporation with an office located at 245 West 17th Street, 4th Floor, New York, New York; WHEREAS, ML Enterprise has never been licensed as a small loan company in Connecticut; WHEREAS, the Commissioner, through the Consumer Credit Division of the Department of Banking, conducted an investigation pursuant to Section 36a-17(a) of the Connecticut General Statutes into the activities of ML Enterprise to determine if it had violated, was violating or was about to violate the provisions of the Connecticut General Statutes and Regulations of Connecticut State Agencies within the jurisdiction of the Commissioner; WHEREAS, as a result of such investigation, the Commissioner alleges that, before February 1, 2021, ML Enterprise brokered small loans to prospective Connecticut borrowers without the required license, in violation of Section 36a-556(a)(2) of the Connecticut General Statutes, in effect at such time;