Fintech
Fintech
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Figure, Oportun and Brex are among the fintechs that have dropped their applications for a banking charter.
August 22 -
While policymakers have warned lenders they will be on the lookout for potential fair lending violations, the lack of current rules means many companies are trying to determine best practices on their own.
August 10 -
The group represents the fourth class of startups in the history of the program and the first since the home lender's merger with New York Community Bank late last year.
August 8 -
Figure Technologies laid off 90 employees this week, or about 20% of its staff, while it's also interviewing bankers in advance of a planned initial public offering for its lending business next year, according to documents reviewed by Bloomberg.
July 28 -
If the Supreme Court strikes down CFPB regulations by ruling against the constitutionality of the agency's structure, technological innovation will be harder for banks to achieve as regulatory clarity moves further out of reach.
July 19 -
PeoplesBank in Massachusetts and others have developed digital brands that cater to younger customers' demands for smoother technology and mobile experiences.
June 30 -
The bank is focusing on pre-seed companies that specialize in fintech or other forms of technology and have diverse founders.
May 16 -
The tools are there to create a faster loan process, but fear of noncompliance and reliance on old habits still prevail, industry technology leaders said at the Fintech Nexus USA conference this week.
May 12 -
The neobank expects to turn a profit by the end of the year, but faces challenges as it copes with the government's pause on federal student loan repayment and with the difficulty of selling technology services to other businesses.
May 1 -
Mortgage lender's brokerage spinoff launches with more than 50 carriers.
April 19 -
While finding investors will likely be more difficult, the long-term outlook remains solid for more established companies, industry experts say.
March 29 -
Companies like U.S. Bancorp have found ways to apply the information they use to serve thin-file applicants to small-business owners and other borrowers.
March 24 -
The company reported its seventh consecutive quarter of record adjusted net revenue.
January 30 -
While mortgage and real estate startups currently face a challenging environment in seeking investors, some companies are finding venture capital.
January 17 -
As challenges will persist in the year ahead, the industry still plans on development, growth and new technology
January 4 -
A special-purpose acquisition company is merging with a bank as its affiliated startup still lacks its own national bank charter.
December 9 -
The seed round was led by Conversion Capital and also includes backing from Blend, Zillow and Figure.
December 6 -
The New York-based startups also undertook large headcount reductions in the spring.
November 21 -
The platform allows homeowners to pay for their mortgage and recommends other home services of value.
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