In accordance with today’s enforcement action, LendUp failed to deliver on its promises.

In accordance with today’s enforcement action, LendUp failed to deliver on its promises. “LendUp pitched it self being a consumer-friendly, tech-savvy option to conventional pay day loans, nonetheless it failed to spend sufficient focus on the customer monetary laws, ” stated CFPB Director Richard Cordray. “The CFPB supports innovation within the fintech space, but start-ups…