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“Good guy” loan startup LendUp will pay $6.3M for overcharging violations

“Good guy” loan startup LendUp will pay $6.3M for overcharging violations

LendUp ended up being allowed to be distinct from the pay day loan sharks that rip from the bad once they require crisis money. However in its start, LendUp charged clients unlawful charges, miscalculated interest rates, falsely advertised loans nationwide that weren’t available here and misled people who borrowing from LendUp would improve their credit history.