The bank released reserves it no longer needed because credit outperformed. An accounting switch means that line runs close to zero by the fourth quarter.
July 28
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The parent company behind Flex Rent submitted applications to state and federal regulators for an industrial loan charter and deposit insurance.
July 27
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The OCC conditionally approved the lender's de novo application. Upstart Bank's proposed CEO spoke with American Banker about the review process.
July 24
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The House Financial Services Committee's Republican majority backed slower funds availability and declined to shift authorized-scam losses onto banks.
July 24
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Kalshi's Head of Enforcement Robert DeNault and former CFPB acting Director Mick Mulvaney shared opposing views on the controversial sites at a CFR event.
July 24
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