Google-funded loan startup to pay for $6.3m for 'deceptive' methods

Professionals state the LendUp situation is significant for businesses when you look at the growing online ‘fintech’ sector that claim to provide a far better option to payday advances CFPB manager Richard Cordray stated LendUp ‘pitched it self as a tech-savvy substitute for conventional payday advances, however it would not pay sufficient awareness of the consumer financial laws’. Photograph: REX/Shutterstock CFPB manager Richard Cordray stated LendUp ‘pitched itself as being a tech-savvy substitute for conventional…