“Good guy” loan startup LendUp fined $6.3M for overcharging

TechCrunch
By Josh ConstineSep 27, 2016, 5:38 pm169 pts
LendUp was supposed to be different than the payday loan sharks that rip off the poor when they need emergency cash. But in its early days, LendUp charged customers illegal fees, miscalculated interest rates, falsely advertised loans nationwide that weren’t available there, and misled people that borrowing…

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