A special-purpose acquisition company is merging with a bank as its affiliated startup still lacks its own national bank charter.

Banks are starting to use the technology, which protects cloud-based data while it's being used by an application.

The increases may simply reflect better detection and reporting, but banks continue to facilitate large ransom payments to sanctioned individuals.

The consumer lending fintech held about one-third of its loan originations on its balance sheet and fortified its deposit base this quarter.

New York-based broker platform Prevu currently offers buying and selling services in the Northeast, Texas and the West Coast.

Credit bureaus should know better than to include "impossible" data, such as someone defaulting on a loan before they were born, says Consumer Financial Protection Bureau Director Rohit Chopra.

The automation provider, which could merge with ICE Mortgage next year, is updating secondary market tools sorely needed in a volatile market.

The development, touted as an industry-first, is the latest move by the government-sponsored enterprises to expand housing opportunities for first-time and underserved homebuyers.

The Delaware bank, which is also seeking to move its headquarters to South Dakota, says a national charter will allow it to more easily expand across the country as it builds on its banking-as-a-service business model.

The Consumer Bankers Association and the Center for Responsible Lending said the Consumer Financial Protection Bureau should renew its efforts to level the regulatory playing field between larger bank and nonbank companies that make installment and other kinds of personal loans.

Even though a Compass Point report states the pair have validated the credit scoring model and could implement it in the first quarter of 2023, interested parties would not verify it.

After a decade of multibillion-dollar tech investments by banks, efficiency ratios have begun to improve and headcounts drop, some industry watchers say. Skeptics counter that other reasons are at play and that it's all hard to measure.

The state's disclosure laws generated data that indicated millions of consumers had their personal details potentially compromised.

The Consumer Financial Protection Bureau said a company doesn't need to experience a data breach for the agency to consider taking action.

The agency also put out a request for public comment on the role of fintech in housing finance.

The move builds on the government-sponsored enterprise’s previous program that facilitated the collection of more rent payment records from tenants who work with its multifamily borrowers.

Delays in closing the deal after it was announced in August resulted in the parties' decision to remain separate, although they will still work together.

The inability to include both types together in standard loan pools has been one of the hurdles to the adoption of digital collateral.

Mortgage companies selling loans to the government-sponsored enterprise will be able to use the information for one type of employment check as well as to validate income and assets.

Pingora Loan Servicing still hasn’t disclosed the full scope of last fall’s hack impacting at least 169,000 customers across four states.