Small business banking platform Rapid Finance has introduced updates to its fraud detection platform Lynx. The platform now has a cloud-based rules engine that lets...
Artificial intelligence verification software firm Informed.IQ teamed with loan origination system (LOS) Fuse. Via the partnership, the companies launched a solution that offers streamlined verifications...
The Consumer Financial Protection Bureau (CFPB) is warning businesses against hiding “unlawful or unenforceable terms” in contracts’ fine print. “Companies use this fine print tactic...
The Small Business Administration (SBA) reportedly plans to launch a working capital pilot program that will include government-backed credit lines of up to $5 million....
The Consumer Financial Protection Bureau (CFPB) has sued student loan servicer Pennsylvania Higher Education Assistance Agency (PHEAA), alleging that it collects on loans that borrowers...
The Consumer Financial Protection Bureau (CFPB) is investigating junk fees that increase the closing costs on mortgages. Closing costs have risen sharply in recent years,...
Goldman Sachs Alternatives raised more than $20 billion for senior direct lending. The total includes $13.1 billion in its West Street Loan Partners V fund,...
JPMorgan Chase’s CEO is sounding a warning on the flourishing private credit sector. Jamie Dimon anticipates problems to pop up in the market, cautioning “there could be...
Wells Fargo CEO Charlie Scharf reportedly told investors Wednesday (May 29) that the bank could be doing more corporate lending and trading if regulators lifted the...