The San Francisco fintech made its name in refinancing student loans. Now it contends that a moratorium for federal student debt payments — put in place near the start of the pandemic — has cost it at least $150 million in profits.

The agency's blueprint calls for giving lenders added underwriting flexibility, as well as upping the number of for-profit nondepository small-business lending companies, which has been capped at 14 since the early 1980s

The economic picture for its customers is good, according to Jason Wilk, who leads the Los Angeles fintech. He sees no need for new products or capital raises in the coming year to break even.

The London fintech now allows users to send funds across borders to new payees without sharing sensitive bank account details.

Charlie Javice claimed in a court filing that she was being scapegoated for the bank's faulty due diligence and that it was JPMorgan that asked her to come up with "synthetic data" on Frank users.

A pullback by the buyers of Upstart's consumer loans led to a "challenging year," CEO Dave Girouard told analysts. But he added that the company is in "late-stage discussions" with partners that are looking to make longer-term commitments.

More blockchain projects are attempting to sell hard assets including U.S. Treasuries, currencies and even private equity.

With Apple pushing into the lending business with a buy now/pay later service, the company is laying out rules for how it will approve transactions. One key factor: whether you've been a good customer in the past.

Comun is one of several emerging neobanks specifically for Latino immigrants to the United States, but it has a distinctive feature: The default language is Spanish.

The Dutch fintech company's hiring plans stand out amid a wave of tech industry layoffs as funding slows.

Fierce, which Rob Cornish launched Wednesday, offers a high-yield cash account and the ability to buy securities, including fractional shares.

The Federal Deposit Insurance Corp. has lowered the Utah bank's CRA score to "needs to improve," putting other banks that work with high-rate lenders on notice. 

Mike Cagney, the former chief executive of the lending giant SoFi, is searching for investors for his latest startup, Figure Technologies. The company, which builds financial products on a blockchain, is also seeking to spin off some product lines as it navigates a dramatic industry downturn.

Brandon Krieg, the former CEO of the investing and banking app provider, will head up a new unit that focuses on employers.

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.

The current interest rate environment advantages banks over their fintech competitors. That can't be allowed to stifle invention.

As companies downsize and restructure, American Banker is tracking these decisions to help our readers understand how their industries are adapting.

The San Mateo, California-based online consumer lender has now laid off some 500 employees in recent months. The downsizing reflects broader challenges in the tech industry, but it also comes as Upstart struggles to get enough funding for its loans.

In this month's roundup of American Banker's favorite stories: Development of central bank digital currencies gains momentum, ongoing lawsuits against JPMorgan Chase and PNC address the banks' liability and more.

Russia's aggression has brought added motivation to the team at Fuelfinance, according to founder and CEO Alonya Mysko.