Flurish, Inc., d/b/a LendUp
Today the CFPB took action against online lender Flurish, Inc., doing business as LendUp, for failing to deliver the promised benefits of its products. The CFPB found that the company did not give consumers the opportunity to build credit and provide access to cheaper loans, as it claimed to consumers it would. The Bureau has ordered the company to provide more than 50,000 consumers with approximately $1.83 million in refunds. The company will also pay a civil penalty of $1.8 million.
CFPB Orders LendUp to Pay $3.63 Million for Failing to Deliver Promised Benefits