After its three acquisitions since last August, the Philadelphia area-based credit data firm predicts more industry consolidation is on the way.

The Michigan bank is the latest company to have customer data compromised through a software vulnerability. The incident reinforces the importance of attack simulations, constant searches for intrusions and exchanges of intel with peers.

The acquisition, which has a $500 million enterprise value, will extend the technology vendor’s capabilities beyond the point of sale into the stubbornly manual electronic closing process.

The bill introduced by Rep. Patrick McHenry, the top Republican on the Financial Services Committee, would expand CFPB authority to the credit reporting industry and require that certain adverse information be removed from a consumer’s credit history.

The abrupt move paves the way for the $6 billion cash deal with Stone Point and Insight Partners to move forward unimpeded.

The product being tested would join another on the market from Finicity, which is nearing the final stage of approval for use by Fannie Mae and Freddie Mac.

Since CoStar made its revised offer in February, its stock price dropped nearly $177 per share.

The deal values the combined entity, which includes the home-insurance insurtech, at $5 billion.

The expansion of borrower data collected in the new URLA upends an industry standard and lenders are experiencing some growing pains.

How consumer attitudes toward privacy threaten to overturn long-standing industry assumptions about customer data and personalization.

Major secondary market players have been testing Fincity’s technology, which is in the final approvals stage with Fannie Mae and Freddie Mac.

The automation is more prevalent but the net adoption rate is low, the Stratmor Group found.

With extreme winter weather about to give way to ballooning insurance and mortgage forbearance claims in Texas, servicers will need to get through their pipelines with urgency while weeding out fraud.

The company received an undisclosed amount of Series A funding from two investors to expand technology currently focused on helping lenders with timelines that are, on average, spinning out of control.

The organization postponed the issuance of its next set of revisions, which would have gone into effect at the start of 2022.

The acquisition of the mortgage fintech aligns with growing customer expectations surrounding a fully digital homebuying experience.

Like so many other businesses, Credit Karma was not spared by the pandemic and its rippling effects on the economy. Their business was prone to the same macro conditions, particularly the tightening of lending standards and credit limits. Join Paul Centopani, National Mortgage News' reporter and Andy Taylor, Credit Karma's General Manager of Home & Mortgage as they discuss how FinTechs can pivot to adapt to the new normal.

Mike Cagney’s blockchain lending startup Figure Technologies plans to raise $250 million through a new blank-check company, according to an SEC filing.