CFPB has announced its first No-Action-Letter to online lending platform Upstart Network, Inc.

The Consumer Financial Protection Bureau (CFPB) has issued its first No-Action Letter to online lending platform, Upstart Network, Inc. (Upstart) on September 14, 2017.

Fintech companies are particularly concerned with the potential privacy, data security, and fair lending risks related to implementing advanced technology.

To read more on this development see our FIsion blog post

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