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Cash advance alternative LendUp to pay for $6.3 million for misleading customers

  • date
  • January 15, 2021

Cash advance alternative LendUp to pay for $6.3 million for misleading customers LendUp is a component of the revolution of organizations guaranteeing a less toxic as a type of payday loans, however it owes fines and refunds for breaking customer finance regulations. LendUp, a lender that is online promised friendlier options to high-cost payday advances, will probably pay $6.33 million in refunds and fines for breaking consumer finance rules. LendUp, which runs in 24 states, will refund $1.83 million to a lot more than 50,000 borrowers included in the federal settlement, the buyer Financial...

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