United Community Financial (UCFC) in Youngstown, Ohio, has raised $39.9 million in a private offering.
The $1.8 billion-asset company said Friday that it sold $18.1 million worth of common stock and $21.8 million of preferred stock through an offering it first
Common shares of United Community closed Friday at $3.60 apiece.
United Community expects to raise another $7.1 million through a
In September, United Community sold
Fintech lenders often get criticized for high rates or fees on their consumer lending. But there's an argument to be made that the alternatives are worse.
The Federal Reserve will seek comment on the current stress-testing regime with an eye toward increasing transparency and reducing volatility. Modifications would not go into effect until at least 2026.
The watchdog accuses Rocket Homes and The Mitchell Group brokerage of initiating a plan to generate origination business for Rocket Mortgage.
The emerging industry could be worth as much as $480 billion in two years, and payments are central to that growth.
The two companies continue to tick items off their year-end to-do list, which analysts hope will tee up the merger for finalization in early 2025. Regulatory approval remains a major question.
The industry agenda calls for amending longstanding rules like loan officer compensation, to nixing Biden-era plans trade groups say hurt both consumers and industry players.
