California Grants a Lending License to Sezzle

Sezzle is one of many lenders targeting the hot buy-now-pay-later segment; the company said today that California’s Department of Business Oversight (DBO) had approved its lending license after initially rejecting it last month for making illegal unlicensed lending in the state; Sezzle has agreed to refund $282,000 to Californian consumers and pay a $28,200 penalty; the license will allow Sezzle to structure their credit offerings directly to consumers rather than using a partner bank; shares in the Australia-listed company soared 26% of the news. Reuters

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.