In accordance with today’s enforcement action, LendUp didn’t deliver on its promises.
“LendUp pitched it self as being a consumer-friendly, tech-savvy option to conventional pay day loans, nonetheless it failed to spend sufficient awareness of the customer economic laws, ” stated CFPB Director Richard Cordray. “The CFPB supports innovation into the fintech room, but start-ups are simply like established businesses for the reason that they need to […]
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