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The subprime lender OppFi sued California's consumer protection agency last year, arguing its loans are not subject to the state's interest rate cap of 36%. State officials are asking a judge for an injunction on new loans until the broader fight is resolved.
February 2
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The New York bank has significantly grown its consumer loan portfolio over the past year, and yachts appear to be the main driver.
February 2
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The Dallas-based company is rolling out a national investment banking unit as it seeks to serve clients through the entire business life cycle. It has also promoted three top-level executives into new roles.
February 2
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The embattled FTX founder Sam Bankman-Fried has staved off a case alleging he broke Texas securities laws, after a judge ruled that the state regulator lacks jurisdiction to act against him.
February 2
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Jason Hall is taking over for Jay Young, who announced his retirement in 2021.
February 2
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The minority depository institution largely caters to Mexicans in the U.S. Their trust in smartphones and distrust of traditional banking has influenced its approach to developing digital tools.
February 2
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Sens. J.D. Vance, R-Ohio, John Fetterman, D-Pa., and Katie Britt, R-Ala., take seats on the Senate Banking Committee.
February 2
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Brandon Krieg, the former CEO of the investing and banking app provider, will head up a new unit that focuses on employers.
February 2
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It's been less than three months since FTX collapsed in what U.S. prosecutors called one of the biggest financial frauds in American history — and a former top executive is eager to get it all behind him and move on to his next big thing.
February 2
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Fidelity National Information Services has so far eliminated 2,600 staffers as new Chief Executive Stephanie Ferris continues her strategic review of the financial-technology giant's business.
February 2
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Deutsche Bank is preparing further job cuts to keep costs in check, with the focus likely to be areas outside the trading unit.
February 2
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The people leading the bank's strategy for EMEA are placing greater emphasis on real-time processing, digital assets, and emerging contactless technology.
February 2
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The Austin-based credit union chose its chief strategy officer, Michael Ver Schuur, to be its next president and CEO.
February 2
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Grupo Mexico is close to lining up financing to back a more than $7 billion bid for Citigroup's Mexican retail bank Banamex, according to people familiar with the talks.
February 2
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The bank establishes a committee with the express purpose of addressing employee misconduct. But as the problem of unauthorized customer accounts grows, it stops meeting.
February 2
