Consumer Portfolio Services’ originations declined year over year, but the subprime lender’s portfolio grew as it secured additional capital and…
In a landmark judgement, the US Securities and Exchange Commission has approved 11 bitcoin spot ETFs paving the way for mass adoption of digital assets.
A former senior executive at Stripe has raised $3 million in pre-seed funding to build an AI-powered business account for European startups.
The US Treasury has confirmed plans to phase out the penny, with one cent coins no longer produced from next year.
CarMax Auto Finance plans to increase its penetration rate in lower credit tiers after affordability challenges continued to hamper sales…
Berlin-based startup Credibur has secured $2.2 million in pre-seed funding to launch its credit infrastructure platform.
Danish due diligence startup Spektr has hired former Citi and Google executive Reno Mathews as chief compliance officer.
In collaboration with Microsoft, cross-border transaction network RTGS Global has launched the first stage of its operational rollout to boost visibility of interbank liquidity.
Venture capital investment in US fintech remains muted, hovering near a six-year low for the sector, as deal flow has shifted toward the early stage, according to a report from Silicon Valley Bank.
Lender Prestige Financial Services reportedly laid off several employees in early November, according to posts from former employees. The Draper,…
A former Adyen executive and an ex-UBS analyst have become the latest entrants into the increasingly crowned stablecoin infrastructure market, raising $22 million in seed founding for their startup, Noah.
Fifth Third purposely slowed auto lending in the fourth quarter driven by elevated interest rates. The bank’s indirect secured consumer…
Money transfer fintech Wise says some of its customers may have been caught up in the recent hack on Evolve Bank & Trust.
Comun, a Latino-founded neobank for immigrants in the US, has raised $21.5 million in a Series A funding round.