Stocks
Figure’s Blockchain Marketplace Hits $1 Billion Weekly Loan Applications
Figure's Consumer Loan Marketplace saw Q2 volume jump 132% to $4.3 billion, with weekly loan applications now exceeding $1 billion.
#lending 5 articles
Stocks
Chime’s Direct Deposit Strategy Fuels Lending Boom, Revenue Jumps 27%
Chime Financial reported a 27% revenue increase to $670 million in Q2, driven by a 70% surge in Instant Loan originations to...
Finance
Happen Bank’s Digital Strategy Drives 18% Deposit Jump
Happen Bank reported an 18% year-over-year increase in deposits to $10.8 billion, driven by its digital push and cross-selling LevelUp checking and...
Finance
Finastra Divests Core Banking Unit, Sharpens Focus on Payments and Lending
Finastra has sold its Universal Banking business to Pollen Street, pivoting to concentrate on payments and lending. The divestiture provides UB with...
Finance
CFPB Directs Lenders to Weigh Immigration Status in Repayment Assessments
The CFPB has issued a statement reminding creditors to consider applicants' immigration status when assessing their ability to repay mortgages and open-end...