Commentary: CFPB to Distribute Nearly $40 Million to Consumers Misled by Fintech Company LendUp Loans
May 09, 2024
May 09, 2024
WASHINGTON, May 9 -- The Consumer Financial Protection Bureau issued the following commentary on May 8, 2024:
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CFPB to distribute nearly $40 million to consumers misled by fintech company LendUp Loans
This month, 118,101 consumers who were deceived by LendUp Loans LLC will receive checks in the mail. LendUp Loans, headquartered in Oakland, California, offered single-payment and installment loans to consumers online and marketed itself as an alternative . . .
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CFPB to distribute nearly $40 million to consumers misled by fintech company LendUp Loans
This month, 118,101 consumers who were deceived by LendUp Loans LLC will receive checks in the mail. LendUp Loans, headquartered in Oakland, California, offered single-payment and installment loans to consumers online and marketed itself as an alternative . . .