NewportWonk

@newportwonk.bsky.social

4 months ago

Companies to avoid (CFPB not allowed to continue investigations into, so presume sketchy for consumers to use):

#EarnIn
#PointDigitalFinance
#LendUpLoans
#GreenlightFinancialTechnology

technerd

@techviews.bsky.social

1 year ago

"CFPB shut down #fintech named #LendUpLoans after the agency fined it for lying to customers and tricking them into taking high-interest loans. The bureau announced it would distribute $40M to consumers deceived by LendUp. Humiliating end for a firm whose backers included #Andreessen #Horowitz.”