Regulatory Alerts2026-05-22
Added · Updated
Consent Order Regarding ML Enterprise Inc. d/b/a Engine by MoneyLion
ML Enterprise Inc. d/b/a Engine by MoneyLion is required to pay a $10,000 civil penalty and comply with Section 36a-556(a) of the 2026 Supplement to the General Statutes for brokering small loans in Connecticut without a license prior to February 1, 2021. The entity must remit the penalty upon execution of the order and cease all small loan brokering activities, which it has already stopped since May 8, 2025. The order resolves the enforcement matter without prejudice to future actions for non-compliance or false representations.