Online lender to pay $3.63 million for failing to deliver promised benefits
September 30, 2016
LendUp, an online lender, will pay $3.63 million because it didn’t give consumers the opportunity to build credit and provide access to cheaper loans, as it claimed to consumers it would. The Consumer Financial Protection Bureau has ordered the company to provide more than 50,000 consumers with about $1.83 million... Read more →