January 20, 2021
Fintech company LendUp Loans LLC, a self-described "alternative to payday loans," will pay the Consumer Financial Protection Bureau a $950,000 civil penalty and set aside $300,000 to pay back military members and their families whose LendUp loans didn't meet federal requirements for lending to service members.
December 04, 2020
The Consumer Financial Protection Bureau on Friday sued LendUp Loan LLC in California federal court, alleging the online lender violated federal consumer credit protections for military servicemembers and their families in making thousands of loans to such borrowers.