loans

UK’s CFIT to Launch Coalition Focused on Small Business Finance

UK’s CFIT to Launch Coalition Focused on Small Business Finance
UK’s CFIT to Launch Coalition Focused on Small Business Finance
January 07, 2025  |  SMBs

The Centre for Finance, Innovation and Technology (CFIT) said Tuesday (Jan. 7) that Mastercard and Lloyds Bank agreed to partner with it and fund its...

READ MORE >
CFPB Bans Medical Debt From Consumer Credit Reports
CFPB Bans Medical Debt From Consumer Credit Reports
January 07, 2025  |  Debt

Medical debt will no longer appear on consumers’ credit reports under a new government rule. Get the Full Story Complete the form to unlock this...

READ MORE >
Eltropy Adds ‘People-First’ Collections Technology With Acquisition of Lexop
Eltropy Adds ‘People-First’ Collections Technology With Acquisition of Lexop
January 06, 2025  |  Partnerships

Eltropy acquired Lexop, saying the combination of the companies’ technologies will help community financial institutions (CFIs) reduce and prevent delinquencies, collect faster and enhance borrower...

READ MORE >
CFPB Sues Vanderbilt Mortgage, Alleging It ‘Traps People in Risky Loans’
CFPB Sues Vanderbilt Mortgage, Alleging It ‘Traps People in Risky Loans’
January 06, 2025  |  CFPB

The Consumer Financial Protection Bureau sued nonbank financing company Vanderbilt Mortgage & Finance Monday (Jan. 6), saying the company made loans to consumers despite evidence...

READ MORE >
FDIC Rates 5 Banks ‘Outstanding’ in CRA Compliance
FDIC Rates 5 Banks ‘Outstanding’ in CRA Compliance
January 03, 2025  |  Bank Regulation

The Federal Deposit Insurance Corporation (FDIC) rated five banks “outstanding” and one bank “needs to improve” in its latest monthly list of banks examined for...

READ MORE >
2025 is a Pivotal Year for BNPL as Providers, CFPB Clash Over Regulations
2025 is a Pivotal Year for BNPL as Providers, CFPB Clash Over Regulations
January 02, 2025  |  BNPL

The Consumer Financial Protection Bureau (CFPB)’s continued push for regulation of buy now, pay later (BNPL) firms offers up a dual-edged sword: The agency’s interpretive...

READ MORE >
HomeStreet to Sell $990 Million in Loans to Bank of America
HomeStreet to Sell $990 Million in Loans to Bank of America
December 27, 2024  |  Loans

The Seattle-based parent company of HomeStreet Bank agreed to sell $990 million in multifamily commercial real estate loans to Bank of America. Get the Full...

READ MORE >
Wirex Adds 2 Stablecoins to Platform to Streamline Digital Currency Spending
Wirex Adds 2 Stablecoins to Platform to Streamline Digital Currency Spending
December 23, 2024  |  Cryptocurrency

Wirex added two new stablecoins to its digital payments platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

READ MORE >