Elevate Credit agreed to pay a minimum of $3.3 million for charging people interest rates above the 24% maximum allowed by Washington, D.C for loans and credit lines, according to a statement from the Office of the Attorney General for the District of Columbia. The...
In today’s FinTech news, card issuer Marqeta expands its global footprint into Singapore, the Philippines and Thailand, while Chinese eCommerce cross-border payments startup PingPong mulls an initial public offering (IPO) to raise as much as $1 billion at a $5 billion valuation. Plus, Australian payments...
Digital consumer credit firm Elevate Credit is collaborating with Central Pacific Bank to launch Swell, a new FinTech company, according to a press release on Thursday (Jan. 27). Swell will offer a consumer banking app that integrates checking, credit, and other services, backed by Central...
February 10, 2022
Elevate Credit agreed to pay a minimum of $3.3 million for charging people interest rates above the 24% maximum allowed by Washington, D.C for loans and credit lines, according to a statement from the Office of the Attorney General for the District of Columbia. The settlement resolves a lawsuit filed by the AG’s office against […]
January 27, 2022
Digital consumer credit firm Elevate Credit is collaborating with Central Pacific Bank to launch Swell, a new FinTech company, according to a press release on Thursday (Jan. 27). Swell will...
