With federal oversight easing, Rhode Island joins states pushing cybersecurity laws for finance companies not covered by federal bank regulators.

A Texas federal court ruled that borrowers suing Mr. Cooper over its data breach in 2023 had "sufficiently alleged injury," thus refusing to dismiss parts of the case.

The fintech firm announced it has taken the first formal step in going public via the filing of a draft registration statement on S-1 with the SEC.

Lenders and servicers must determine how quickly to act as some legislators look to enable the move a key regulator has ordered while others urge deliberation.

Dominick Marchetti and Sean DeJulia, former Loandepot executives who helped develop the company's mello platform, are returning as chief digital officer and chief innovation officer, respectively.

Companies that lack artificial intelligence governance may spend hundreds of thousands of dollars more in responding to cyberattacks, IBM found.

The company's mortgage segment is working alongside ICE Bonds to incorporate data and provide greater transparency in securities trading.

One mortgage firm is out of business months after a cybersecurity incident, which compromised the personal information of over 30,000 of its former clients.

The consumer protection agency told a Kentucky court it wants to re-examine the issues around the way bank customer data is shared with fintechs through data aggregators.

Mortgage tech firms are seeking to take advantage of the expected growth of HELOCs with new platform integrations and enhancements of existing tools.

In leaving its partnership, Beeline Financial said it disposed of its majority stake in Bridgetown Spirits Corp. in exchange for over $360,000.

The company was looking to get back into compliance on Nasdaq, but the recent run-up in its stock price has management hitting the pause button.

The sale of SIMPL marked a natural evolution of the software platform that will allow it to reach its full potential, one of its developers said.

The agreement with D2 Asset Management doubles the firm's previous commitment to Unlock, as current economic trends provide momentum for the growing sector.

Real estate agents add that they are integrating AI in their daily work, with many using it for marketing and communications.

Sam Altman, the founder and CEO of OpenAI, said the rapidly growing capabilities of AI are rendering many of banks' fraud prevention measures useless and warned of an "impending fraud crisis" if banks don't update their processes.

Opendoor's stock price at one point on Monday was at $4.97, more than double its Friday close, but a large drop late in the day left it with a 96 cent gain.

Google, Oliver Wyman and Corridor Platforms offer bankers a safe space where they can experiment with using generative artificial intelligence for customer interactions.

The merger of the firm's lending arm and Figure Markets is a reaction to a thawing regulatory environment.

The new arrangement will allow Blend customers to have access to Doma's artificial intelligence-powered instant decisioning title insurance technology.