loans

SoFi Wants Tech Platform to Be AWS of Financial Services
SoFi Wants Tech Platform to Be AWS of Financial Services
July 30, 2024  |  Earnings

SoFi Technologies’ leadership wants the company to become the “Amazon Web Services” (AWS) of FinTech. What that means is a lot of investment into technology...

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TriVerity and Akuvo Team to Ease Collections for Credit Unions
TriVerity and Akuvo Team to Ease Collections for Credit Unions
July 30, 2024  |  Partnerships

Collection agency TriVerity has teamed with collections/credit risk company Akuvo. The collaboration, announced Tuesday (July 30), is designed to ease the process of third-party charge-off...

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Affirm Asks CFPB to Consider Unique Business Model of BNPL
Affirm Asks CFPB to Consider Unique Business Model of BNPL
July 29, 2024  |  BNPL

With the Consumer Financial Protection Bureau (CFPB) winding down its commentary period for potential buy now, pay later regulations, Affirm Friday (July 26) submitted a...

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Swivel Enables Banks to Accept Loan Payments Through Apple Pay
Swivel Enables Banks to Accept Loan Payments Through Apple Pay
July 25, 2024  |  Loans

Swivel is now enabling its credit union and community bank clients to accept loan payments through Apple Pay. The FinTech has integrated its transaction enablement solutions...

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NAB and Plenti Team on Pay by Bank for Loan Repayments
NAB and Plenti Team on Pay by Bank for Loan Repayments
July 24, 2024  |  Partnerships

Australian bank NAB has launched a collaboration with FinTech lender Plenti. The partnership, announced Wednesday (July 24), lets Plenti’s customers make faster loan repayments via NAB’s pay-by-bank offering PayTo. “Plenti...

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SavvyMoney Debuts Personalized Loan Offer Automation Tool
SavvyMoney Debuts Personalized Loan Offer Automation Tool
July 22, 2024  |  Loans

Credit score solutions company SavvyMoney has debuted an offer automation tool for financial institutions (FIs). The offering, dubbed “Get My Rate,” is the first personalized...

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Regions Financial: Business Lending ‘Pipelines Are Beginning to Rebuild’
Regions Financial: Business Lending ‘Pipelines Are Beginning to Rebuild’
July 19, 2024  |  Earnings

Regions Financial saw average loans remain stable during the second quarter, with some signs that demand for business loans may pick up. Average balances for...

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CFPB Targets Tipping Model Used by Serena Williams-Backed SoLo Funds
CFPB Targets Tipping Model Used by Serena Williams-Backed SoLo Funds
July 19, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is intensifying its scrutiny of SoLo Funds, a lending startup backed by tennis star Serena Williams. The CFPB has...

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CFPB Says Earned Wage Access Programs Are Consumer Loans
CFPB Says Earned Wage Access Programs Are Consumer Loans
July 18, 2024  |  CFPB

Regulators are painting several types of lending products with a broad brush, bringing an ever-widening swath of lenders under federal purview. Fresh off its rulemaking...

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