Banking
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...
Banking
US fintech Yendo secures $165m in mix of debt financing and equity
Company Overview:Yendo is a US fintech offering the world’s "first-ever vehicle-secured" credit card.
Launched in 2022 and based in Dallas, Texas.Funding...
Banking
Former Bank of America MD Mieko Shibata named new R&T Deposit Solutions CIO
R&T Deposit Solutions, a US-based provider of cash management and deposit placement programs, has named Mieko Shibata as its new Executive Vice...
Banking
Digital lending platform Blend Labs bags $150m funding from Haveli Investments
Investment Details: Haveli Investments, a technology-focused private equity firm based in Austin, USA, invested $150 million in Blend Labs. The investment was made...
AI
Stax Payments founders launch business credit decisioning platform Worth AI
Sal Rehmetullah and Suneera Madhani, founders of US fintech Stax Payments, have launched a new AI-powered business credit score and financial underwriting platform...
Banking
CFPB to cap credit card late fees at $8 and increase accountability among issuers
CFPB Caps Late Fees on Credit Cards:Ruling by CFPB:The Consumer Financial Protection Bureau (CFPB) has finalized a ruling that limits late fees...
Banking
Raymond James Bank to deploy ICE Mortgage Technology’s lending solution Encompass
Raymond James Bank (RJF), based in Florida, US, has partnered with ICE Mortgage Technology to enhance its mortgage lending operations for high-net-worth borrowers.
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