Auto fintech investment tops $2.6B (Under the Hood)
Fintech infusions slowed as 2025 progressed, but investment volume had increased 14% to $2.6 billion by yearend. That level was a three-year high,...
Investment in auto fintechs totals $1.9B through June
Investors pumped $1.9 billion of capital into auto fintechs through June as the average transaction size inflated, according to an Auto...
CFPB lags on information security updates
While the Consumer Financial Protection Bureau plans to step up enforcement action in the lending sector, the federal watchdog has yet to...
Obama Sidesteps Vote with Recess Appointment of Cordray
Almost six months after nominating Richard Cordray, Pres. Barack Obama plans to bypass a Senate vote and use a recess...
Obama Signs Financial Overhaul Bill
Moments ago, Pres. Barack Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act, meant to protect...
Wells Fargo to Close Finance Unit
Wells Fargo plans to shutter its 638 Wells Fargo Financial offices in favor of direct lending via the Wachovia branch...
Banking’s Secret Sauce: Innovation, Solid Customer Experience
HOLLYWOOD, Fla. — “The best way to predict your future is to create it.” Financiers will have to heed that...
House, Senate Agree on Financial Revamp Bill
Lawmakers have targeted July 4 as the deadline for passage of the Dodd-Frank Act, a bill meant to prevent a...
Getting Delinquencies Back on Track
Consumer loan delinquencies are on the mend, dropping in eight of 11 loan categories, according to the American Bankers Association....
A Different Kind of Warehouse Lending
Membership has its privileges. Now members of Sam’s Club, the warehouse retailer division of Wal-Mart Stores, can qualify for 0%...
