Original Content
Nexo issued loans without a state license and without considering borrowers’ ability to repay, the regulator said. A Nexo spokesperson said the “legacy issues” do not “reflect the company’s current operations.”
Crypto lender Nexo fined $500K by California regulator
AI Summary
Nexo was fined $500K by a California regulator for issuing loans without a state license and failing to consider borrowers' ability to repay. The company claims these issues do not reflect its current operations.
Texas Relevance
The article does not mention Texas, TCUD, or any Texas-specific entities. It focuses on a California regulator's actions against Nexo.