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Hah, but it was absolutely necessary. The government can't shut down companies merely for lying or legally cheating customers...
by voiper1 5y ago
Hah, but it was absolutely necessary. The government can't shut down companies merely for lying or legally cheating customers...
- vmception 5y agoExactly, and by “shutdown” they mean “shutters lending for now” The business is still available to do anything and is well capitalized. The regulator has to make it seem like a laser strike from orbit, using words like “LendUp was backed by some” in the past tense as if the company is dissolved, but its not and still is backed by the same capital sources. Time to remedy the operation, challenge the CFPB in court, pivot etc