Business ProfileforLendUp
Current Alerts For This Business
On September 8, 2021, The Consumer Financial Protection Bureau (CFPB) filed a complaint accusing LendUp Loans LLC of violating a 2016 consent order. Case #: 3:21-cv-06945.
In 2016 the CFPB ordered LendUp to pay $1.83 million in consumer redress and a $1.8 million civil penalty to stop misleading consumers with false claims about the cost of loans and the benefits of repeated borrowing.
In the complaint filed on September 9, 2021, the CFPB alleges that, in violation of the 2016 order, LendUp has continued with much of the same illegal and deceptive marketing. The CFPB also alleges that LendUp illegally failed to provide timely and accurate notices to consumers whose loan applications were denied.
On December 21, 2021, LendUp entered a stipulated final judgement with the CFPB.
Without any admission of wrongdoing, LendUp has agreed to stop issuing any new loans and will not collect on certain outstanding loans. They have also agreed to not sell consumer information or to make any misrepresentations when providing loans or collecting a debt. LendUp is also ordered to pay a civil penalty in the amount of $100,000.00.
At-a-glance
Related Categories
Overview
Business Details
- Location of This Business
- 1750 Broadway, Suite 300, Oakland, CA 94612
- BBB File Opened:
- 3/13/2012
- Years in Business:
- 12
- Business Started:
- 11/29/2011
- Business Incorporated:
- 11/29/2011
- Licensing Information:
- This business is in an industry that may require professional licensing, bonding or registration. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.BBB records show a license number of 1004393 for this business, issued by Department of Business Oversight
These agencies may include:
Department of Business Oversight
1515 K Street, Suite 200
Sacramento CA 95814
https://www.dbo.ca.gov/About_DBO/contact_us.asp
BBB records show a license number of 6054610 for this business, issued by Department of Business OversightThese agencies may include:
Department of Business Oversight
1515 K Street, Suite 200
Sacramento CA 95814
- Type of Entity:
- Corporation
- Number of Employees:
- 100
- Alternate Business Name
- LendUp Loans, LLC (FKA Flurish Inc.)
- Additional Contact Information
Email Addresses
- Customer Service
Website Addresses
Customer Complaints
9 Customer Complaints
Need to file a complaint? BBB is here to help. We'll guide you through the process. How BBB Processes Complaints and Reviews
File a ComplaintMost Recent Customer Complaint
01/23/2024
- Complaint Type:
- Order Issues
- Status:
- Unanswered
Customer Reviews
2 Customer Reviews
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Most Recent Customer Review
Mauretta V
1 star05/18/2023
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