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Violation Tracker Individual Record

Company: LendUp Loans
Penalty: $100,000
Year: 2021
Date: December 21, 2021
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: LendUp Loans agreed to halt making any new loans and collecting on certain outstanding loans, as well as to pay a penalty, to resolve a September 2021 lawsuit alleging that it continued to engage in illegal and deceptive marketing in violation of a 2016 CFPB order. The lawsuit also accused LendUp of violating fair lending regulations.
Level of Government: federal
Action Type: agency action
Agency: Consumer Financial Protection Bureau
Civil or Criminal Case: civil
Source of Data: (click here)
Archived Source: (click here)
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.