CFPB Sends Clear Message That FinTech Start-Ups Have Actually Same Responsibilities as Established Businesses

CFPB Sends Clear Message That FinTech Start-Ups Have Actually Same Responsibilities as Established Businesses In a message that is clear FinTech start-ups, on September 27, 2016, the customer Financial Protection Bureau (CFPB) ordered online lender Flurish, Inc. to pay for $1.83 million in refunds and a civil penalty of $1.8 million for failing continually to deliver the guaranteed advantages of its items. Flurish, a bay area based business conducting business as LendUp, provides little buck loans through its web site

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