U.S. Consumer Bureau Orders Fintech Firm LendUp To Halt New Loans, Pay Penalty

The U.S. Consumer Financial Protection Bureau (CFPB) ordered LendUp Loans to pay a $100,000 penalty, stop issuing new loans and halt collecting on certain outstanding ones after repeated deceptive marketing and other fairlending violations, the agency said on Tuesday.

from Top Tech News- News18.com https://ift.tt/32smlA3