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Bureau of Consumer Financial Protection v. LendUp Loans, LLC
Case Number:
4:20-cv-08583
Court:
Nature of Suit:
Judge:
Firms
Companies
Government Agencies
Sectors & Industries:
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January 20, 2021
LendUp To Pay $1.25M To Settle CFPB Service Member Claims
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.
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December 04, 2020
CFPB Accuses Fintech LendUp Of Military Lending Violations
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.