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-5.63983982854374E-05 -5.63983982854374E-05 0.00479273588630092 0.00603462861654725 -0.00174835034685016 -0.00978512210253221 -0.00716259658225696 -0.00716259658225696
Stock impact report

Virus-protection firm buys MoneyLion in $1 billion deal [Yahoo! Finance]

MoneyLion Inc. Class A (ML) 
Company Research Source: Yahoo! Finance
Prague-based Gen — which runs Norton, LifeLock and ReputationDefender — would buy MoneyLion's platform of credit-building loans and early payday offering. Pairing Gen's identity protection services with consumer lending would "power digital and financial freedom" for its customers, Gen CEO Vincent Pilette said in a news release Tuesday. "By bringing MoneyLion into the Gen family, we're not only helping people protect what they already have, we're extending our capabilities to enable people to better manage and grow their financial wealth," Pilette said. Dee Choubey, MoneyLion's co-founder and CEO, said pairing the companies' offerings would "create unmatched consumer value." The deal would also mean Gen inherits MoneyLion's battles with the Consumer Financial Protection Bureau, which in 2022 sued the fintech company . The CFPB claimed MoneyLion violated laws on interest charges for military members and said it trapped its customers into monthly subscriptions that were hard to c Show less Read more
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