Jan 3 (Reuters) - Sezzle Inc (SZL) :
- UPDATES ON CALIFORNIA FINANCING LAW LICENSE
- REFERS TO CALIFORNIA DEPARTMENT OF BUSINESS OVERSIGHT'S STATEMENT THAT CO HAD ENGAGED IN "ILLEGAL UNLICENSED LENDING IN STATE."
- CO'S POSITION IS THAT IT DOES NOT OPERATE AS A LENDER BUT UNDER A DIFFERENT FINANCING MODEL AS A SALES FINANCE CO & DOES NOT MAKE LOANS
Source text https://reut.rs/37qZ0vO
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