Technology

The Federal Trade Commission is seeking a temporary restraining order to prevent the deal from being completed prior to its July 12 administrative hearing.

A Connecticut Superior Court Judge has reviewed a long-running legal dispute that could define the role loan officers in direct mortgage operations play in originations.

Homebuyers in Colorado, Florida and Texas can apply for a minimum $1 million loan with the company.

The cost and scope of data sharing were among bankers' top complaints, while fintechs would like fewer restrictions, a report by the Consumer Financial Protection Bureau found. 

The state will introduce new rules in 2024, while North Carolina and Delaware have similar legislation coming into effect this summer.

The new business line offers consumer-facing digital strategies and analysis of related data that can help with customer retention.

The neobank purchased the fintech lender in an all-cash offer, but did not disclose the price tag.

The AI chatbot will be able to quickly and eloquently respond to inquiries.

While finding investors will likely be more difficult, the long-term outlook remains solid for more established companies, industry experts say.

Companies like U.S. Bancorp have found ways to apply the information they use to serve thin-file applicants to small-business owners and other borrowers.