CFPB Orders LendUp to Pay-up $3.63 Million in Refunds & Penalties

September 30, 2016 @ 8:06 am By JD Alois |

The Consumer Financial Protection Bureau (CFPB) has ordered LendUp to pay approximately $1.83 million in refunds and pay a civil penalty of $1.8 million. The enforcement action was taken as the “online lender did not help consumers build credit or access cheaper loans” as the… Read More

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Read more in: Investment Platforms and Marketplaces, Politics, Legal & Regulation | Tagged cfpb, enforcement, flourish, lendup, payday, richard cordray