Tagged: payday lender

CFPB Touts Lending Halt at LendUp Loans, a Fintech Backed by Google Ventures, QED Investors and More

The Consumer Financial Protection Bureau (CFPB) has halted the lending at LendUp Loans, according to a statement by the regulator. Currently, its website states that the company has made a business decision to cease lending and is no longer servicing loans. According to the CFPB,… Read More

Cash Genie, a Payday Lender, Agrees to Pay £20 Million for Unfair Practices

Cash Genie, operated by Ariste Holding Limited, has agreed to pay over £20 million to over 92,000 former customers for unfair business practices. According to the Financial Conduct Authority (FCA), Cash Genie charged fees and interest which were unfair. The FCA gave the example of Cash… Read More

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