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In January 2019, LendUp announced Anu Shultes as the new CEO and split its credit card operations into Mission Lane. [ 17 ] In December 2021, as a result of deceptive marketing and fair lending violations, LendUp was fined $100,000 by The U.S. Consumer Financial Protection Bureau.
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Discover Financial. Discover Financial Services is an American financial services company that owns and operates Discover Bank, an online bank that offers checking and savings accounts, personal loans, home equity loans, student loans and credit cards. It also owns and operates the Discover and Pulse networks, and owns Diners Club International.
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The Financial Stability Oversight Council (FSOC) is a United States federal government organization, established by Title I of the Dodd–Frank Wall Street Reform and Consumer Protection Act, which was signed into law by President Barack Obama on July 21, 2010. [1] The Office of Financial Research is intended to provide support to the council.
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