California to reject Sezzle's application for lending license in state

A California state agency announced its intention to reject buy-now-pay-later company Sezzle Inc's application for a lending license in the state, sending its shares to a record low on Thursday. The California Department of Business Oversight (DBO), which oversees and regulates financial service providers in the state, issued a statement saying it would deny Sezzle's application.

from Reuters: U.S. https://ift.tt/2QGno67