https://dbo.ca.gov/2019/12/30/dbo-denies-lending-license-sought-by-unregulated-point-of-sale-financer-and-issues-related-legal-opinion
Anyone who’s holding or looking to buy in should read up on this.
Unsure of the implications, however as Afterpay and Klarna have their licenses already it might just be that Sezzle need to restructure their product/terms to comply.
Not being able to operate in California would seem to be a huge loss.
Sezzle’s application for California license denied.
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