CFPB Sends Clear Message That FinTech Begin Ups Have Actually Exact Exact Exact Same Responsibilities as Established Organizations

CFPB Sends Clear Message That FinTech Begin Ups Have Actually Exact Exact Exact Same Responsibilities as Established Organizations

Regulatory, conformity, and litigation developments when you look at the services that are financial

Home > CFPB > CFPB Sends Clear Message That FinTech Start-Ups have actually exact Same responsibilities as Established Companies

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 cover $1.83 million in refunds and a civil penalty of $1.8 million for failing continually to deliver the guaranteed great things about its services and products. Flurish, a bay area based business working as LendUp, provides little dollar loans https://www.cashnetusaapplynow.com/payday-loans-tx/bastrop/ through its site to customers in some states. Continue reading “CFPB Sends Clear Message That FinTech Begin Ups Have Actually Exact Exact Exact Same Responsibilities as Established Organizations”