Tag: Lending
OUCU Financial Credit Union to migrate to Tyfone’s nFinia digital banking platform
OUCU Financial Credit Union Migrates to Tyfone’s nFinia Platform:Credit Union Overview:Name: OUCU Financial Credit Union
Location: Ohio, USA
Assets: $483 million
Members:...
CFPB says BNPL firms must comply with credit card consumer protection rules for billing disputes and refunds
Ruling Overview:Agency: US Consumer Financial Protection Bureau (CFPB).
Decision: Designates buy now, pay later (BNPL) firms as credit card providers.
Reasoning: BNPL...
UK challenger GB Bank lands £85m investment
GB Bank Secures £85 Million Investment: Key PointsInvestment Details:Total Investment: £85 million.
Investors:Hera Holdings: £40 million initially, with an additional £40 million...
UK challenger Chetwood Financial acquires lender CHL Mortgages for Intermediaries
Overview:Entities Involved: UK digital challenger Chetwood Financial and CHL Mortgages for Intermediaries (CMI), purchased from Barossa Asset Purchaser Sarl.
Purpose: Expansion of Chetwood's...
US CFPB sues SoLo Funds for allegedly “deceiving borrowers about the total cost of loans”
Overview:Entity Involved: US Consumer Financial Protection Bureau (CFPB).
Target: SoLo Funds, a peer-to-peer (P2P) lending platform.
Allegation: Deceiving borrowers about the total cost...
Avidbank partners Corserv to launch commercial credit card programme
Avidbank in the USA partners with Corserv to launch a new credit card offering for commercial clients.Corserv’s Role:Corserv’s Account Issuer...