Tag: Regulation
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...
AI-powered regtech Cube acquires global regulatory intelligence enterprises from Thomson Reuters
Acquisition Announcement:Cube, a UK-based regtech firm, has acquired the Regulatory Intelligence and Oden products and businesses of Thomson Reuters.
Terms of the...
CFPB fines Chime $3.25m for customer refund delays
Chime Fined by CFPB:US fintech Chime has been fined $3.25 million by the Consumer Financial Protection Bureau (CFPB) for delays in issuing...
FINRA fines SoFi $1.1m after consumer identification flaws led to multi-million dollar heist
Fine Imposed on SoFi by FINRA: SoFi, an online lending platform, has been fined $1.1 million by the Financial Industry Regulatory Authority (FINRA)...
JP Morgan Chase to pay additional $100m penalty to US regulator over trade surveillance data gaps
Additional $100 Million Penalty: JP Morgan Chase is set to pay an additional $100 million penalty to an unnamed US regulator over alleged...
Former Thomson Reuters exec David Larson named Feedzai’s new CFO
Appointment of David Larson as CFO: Feedzai has appointed David Larson, a former Thomson Reuters executive, as its new Chief Financial Officer (CFO).
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