SoLo Funds faces a new consent order in Connecticut: Will a third order pressure the fintech to pursue a lending license?

• Last week, the Connecticut Department of Banking issued a coherent consent order for SoLo, in regard to Connecticut’s ongoing disagreement with the fintech.
• The situation following the string of consent orders begs the question: whether SoLo Funds will cease operations across other US jurisdictions or continue working until it applies for and obtains the required licenses to keep serious repercussions at bay?