Every Banking story tagged Consumer credit.
Fintech firm Upgrade has filed an application for an industrial loan company charter with the FDIC and Nevada regulators, aiming to reduce reliance on partner banks and better fund its credit products amid a wider surge in ILC applications.
Sen. Elizabeth Warren pressed the NCUA's inspector general to explain how the agency functioned during a two-week period in August 2026 when it had no board members, raising concerns about oversight of the $2 trillion credit union system and timely payments to depositors of a failed credit union.
Payments Canada has approved six new members, including fintechs and a credit union, under an eligibility framework expanded one year ago by legislative changes.
The European Central Bank's monthly survey indicates consumer inflation expectations increased across all time horizons in August.
Revolut has created a new AI research division, Revolut Research, to develop proprietary models such as PRAGMA, which the company claims delivers significant improvements in credit risk, fraud detection and product recommendations.