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Uphold Rejects New York Claims After $5M Customer Repayment Deal

By Kevin Helms | 2026-05-04 23:30:34 | 4 months ago

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Uphold rejected New York’s CredEarn settlement claims, saying the regulator misrepresented its role in Cred LLC’s collapse.

The company agreed to more than $5 million in customer repayment while denying knowledge of alleged fraud or any intent to mislead customers.

Key Takeaways: Uphold disputed New York’s claims and denied knowingly promoting Cred’s alleged misconduct.

Customers

keywords : Legal|Arrest|New York NY

sentiment : NEUTRAL

category data : REGULATION