MOCO’ or ‘MOCO Credit of California’ Not Licensed by DBO (2/15/2017)
The Department of Business Oversight (DBO) has been notified of an entity calling itself “MOCO” or “MOCO Credit of California” or “MOCO (dba Lending Street of California),” and a related Individual “Moses David” with email address email@example.com, who are offering loans to consumers, falsely claiming to hold a lender’s license with DBO. The entities are also presenting falsified licensing documents with the DBO seal and staff signatures to pass themselves off to consumers as a legitimate lender. None of these entities or individuals is licensed by the DBO.
The DBO advises individuals who have received lending solicitations from any of these entities or persons to file a complaint with DBO. Complaints may be filed online via the DBO website here: http://www.dbo.ca.gov/Consumers/consumer_services.asp.