The Consumer Financial Protection Bureau and SoLo Funds, a small-loan fintech, mutually dismissed a case regarding loan cost disclosures and state licensing.
The ABA, BPI and SIFMA are among the groups asking Sacks to make it easier for banks to engage in crypto-related activity.
Community Bankshares has launched a unit that is originating Small Business Administration 7(a) loans for itself and aims to service them for other small lenders around the country.
Lazarus Group, hackers based in North Korea, tricked Bybit CEO Ben Zhou into approving a transfer of 400,000 ethereum tokens from his company's cold wallet.
The state legislature has passed a bill that would remove exceptions to a 12% interest rate cap that would make many alternative forms of lending, including earned wage access, infeasible. It sits on the governor's desk, awaiting signature.
The student aid startup founder is accused of securities fraud, wire fraud, bank fraud and conspiracy.
