Weekly Wrap: Lenders consider benefits of force-placed insurance
Subprime lenders are weighing the risks and benefits of protecting assets through force-placed insurance as credit-challenged borrowers face continued affordability…
Car prices are poised for $12,000 surge on Trump’s new tariffs
Impending tariffs on Canada and Mexico risk driving up US car prices by as much as $12,000, further squeezing consumers…
GIST Impact partners with Global Canopy to help financial institutions assess deforestation risk
The collective goal of this partnership is to make deforestation analysis the norm at every financial institution.
RISC waiving fees for repo agents in Florida
Hurricane Ian made landfall on Wednesday near Cayo Costa, Fla., which is just south of RISC’s corporate headquarters in the Sunshine State. In response to the impact caused by the destructive storm, RISC said on Thursday that the company is … [Read More]
Revolut vets launch crypto exchange
A group of former Revolut staffers have raised $6.5 million for hybrid cryptocurrency exchange X10.
CFPB issues ‘fine print’ warning to auto lenders
The Consumer Financial Protection Bureau is cracking down on terms and conditions in consumer financial products, prompting auto lenders to…
CFPB notices violations involving collections & interest paid
Along with recapping the regulator’s notable activities associated with auto financing, the latest Supervisory Highlights report from the Consumer Financial Protection Bureau (CFPB) also touched on debt collection. The CFPB reiterated that it has supervisory authority to examine certain institutions … [Read More]
Walmart’s OnePay becomes latest fintech to offer mobile plans
Walmart-backed OnePay has teamed up with Telecom-as-a-Service platform Gigs to become the latest fintech to launch its own mobile phone plan.
EV monthly lease payments average $354
Incentives have led to strong leasing penetration for EVs, with average monthly payments on leased vehicles below $400 even as…
Nasdaq unveils tech to scale global carbon markets
Exchange operator Nasdaq has launched technology that securely digitises the issuance, settlement, and custody of carbon credits.
Bank of America auto net charge-offs flat
Bank of America’s credit performance and auto portfolio growth was steady in the first quarter as digital activity ramped up. …
New York sues the OCC over fintech charter rule
New York state has filed a lawsuit against the US Office of the Comptroller of the Currency (OCC) over a decision to allow fintech companies to apply for national banking charters.
EBAday 2025: Digital euro emerging as a transformative force
At EBAday 2025, two expert panels explored how the digital euro and real-time data can transform finance and beyond — shaping future digital money, guiding PSPs, and helping corporates and SMEs enhance liquidity through automation.
FCA implements permanent Digital Sandbox
The UK’s Financial Conduct Authority has implemented a permanent Digital Sandbox, making the testpad available full-time for firms wanting to try out innovative technologies.
Investec withdraws from over hyped robo-advisory market
Investec has pulled the plug on its robo-advisory service, recording a £12.8 million operating loss on the business after attracting fewer investors than expected.