LendUp controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2021
CFPB sues LendUp over alleged consent-order violations
Lawsuit filed
The Consumer Financial Protection Bureau filed a lawsuit alleging that LendUp violated a 2016 consent order by continuing deceptive marketing and by failing to provide timely and accurate notices to consumers whose loan applications were denied. In the action, the CFPB seeks an injunction, consumer relief, disgorgement, and a civil money penalty.
The CFPB filed a lawsuit alleging that LendUp violated a 2016 consent order and continued deceptive marketing, and failed to provide timely and accurate notices to consumers whose loan applications were denied. The CFPB seeks an injunction, consumer relief, disgorgement, and a civil money penalty.
Source excerpt
the CFPB accuses LendUp with continuing to engage in the same illegal and deceptive marketing that was the basis of the 2016 Consent Order as well as allegedly failing to provide timely and accurate notices to consumers whose loan applications were denied.
The CFPB has filed a lawsuit against Oakland, CA-based online lender LendUpLoans alleging that LendUp is in violation of a 2016 Consent Order