The Latest

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 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.

The FDIC withdrew its amicus brief supporting Colorado's opt-out law on interest rate exportation, highlighting the agency's more fintech-friendly regulatory approach under acting Chair Travis Hill.

Consumer Financial Protection Bureau employees — most of whom are on administrative leave — were asked in an email to list what they accomplished last week. National Treasury Employees Union Chapter 335 said workers should list all the tasks they were told not to perform.

The Connecticut bank expects to report a $9.5 million net loss for the fourth quarter, but it said it's made headway in its efforts to cultivate investors and bolster its capital levels.

The agency's attempt to impose its oversight on asset managers who passively invest in banks is duplicative of efforts by the Federal Reserve. It will result in higher costs for banks and lower returns for investors.