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The Atlanta company, which reported fourth-quarter results Tuesday, said that the lending partnership with American Express will launch in Atlanta, Chicago, Dallas, Los Angeles and Dallas within the next 60 days.
March 5
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Figure, the startup headed by Mike Cagney, uses blockchain technology to provide home equity loans in as little as five days. It intends to use the newly raised funds to offer other services, including wealth management.
February 27
-
On Sep. 30, 2018. Dollars in thousands.
February 4 -
Consumer lending should also be a bright spot, while mortgage lending could be suppressed by rising rates and tight housing supplies.
January 9
-
More consumers fell behind on their loans in the third quarter of 2018, even as average wages rose and the unemployment rate fell to a 50-year low.
January 8
-
On Sept. 30, 2018. Dollars in thousands.
December 17 -
On Jun. 30, 2018. Dollars in thousands.
November 26 -
Barred by regulators from adding assets for at least another six months, the bank has only one main lever to pull to boost returns.
October 12
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How banks and network providers combat real-time payment fraud; online banks try new pricing strategies; the Most Powerful Women in Banking call for greater leadership diversity; and more from this week's most-read stories.
October 12
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Mike Cagney’s current venture, Figure Technologies, is offering consumers the ability to apply online for home equity loans and get funding in as little as five days.
October 10 -
Rising wages and savings rates resulted in a decline in past-due payments in the second quarter, the American Bankers Association said in its quarterly report on delinquency trends in consumer lending.
October 4
-
On Jun. 30, 2018. Dollars in thousands.
October 1 -
On Jun. 30, 2018. Dollars in thousands.
September 10 -
On Mar. 31, 2018. Dollars in thousands.
August 20 -
An index that tracks late payments on consumer loans inched closer to historic norms, according to data from the American Bankers Association.
July 10
-
On Mar. 31, 2018. Dollars in thousands.
July 2 -
From medical expenses to home improvements, here's a look at some of the most frequently cited reasons homeowners are borrowing against their home equity.
June 26
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On Mar. 31, 2018. Dollars in thousands.
June 11 -
The post-recession boom in auto loans and credit cards for borrowers with marred credit histories has been winding down in recent months.
May 17
-
On Dec. 31, 2017. Dollars in thousands.
May 7
