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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...

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...

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...

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...

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...

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...

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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