Google-backed startup fined $6.3 mn for deception
Technology major Google-backed loan startup LendUp has been fined $6.3 million by the US government for a number of deceptive practices. The startup has been proved guilty of misleading customers, hiding its true credit costs, and reversing prices without disclosing it to consumers. The startup has raised $111.5 million to date from many high-profile Silicon Valley-based investors.