Shares of AI-lending platform Upstart plunged more than 20% Tuesday (Nov 8) evening after the company said rising interest rates and a slowing economy saw...
The ranks are thinning at FinTech firms. In a week that’s seen its share of earnings announcements and a fourth rate hike from the Federal...
FinTech lenders are backing more loans with deposits as investors become tougher to find amid rising interest rates and expectations for higher yields. Banks and...
Artificial intelligence (AI) lending marketplace Upstart on Monday (Aug. 8) delivered lower than expected financial results for the second quarter of fiscal year 2022 that brought close...
The Consumer Financial Protection Bureau (CFPB) has terminated special regulatory treatments for two companies, Payactiv and Upstart, in less than one month, losing more than...
This week in TechREG U.S., cryptocurrency regulation has dominated the space. Lawmakers have discussed the role of cryptos in ransomware attacks and how to tackle...
Today in TechREG, the Consumer Financial Protection Bureau (CFPB) removed Upstart from its list of approved “no-action letters” (NALs). The NALs provided regulatory immunity, but...
Not bad. Relatively speaking, that is. In a week where sentiment in the stock market has been driven by retailers — Target, Lowe’s, et al...
FinTech lender Upstart said it will not keep loans on its balance sheet that financial institutions have no interest in purchasing. As The Wall Street...