American Banker reports on a bitter rivalry that has been brewing between James Gutierrez and his former company Oportun; Gutierrez...
A proposed settlement in the Madden vs Midland case has been filed that would provide $9.8 million in cash and debt...
The lawsuit by the New York Department of Financial Services aimed at blocking the OCC Fintech Charter has been thrown out; Judge Naomi Reice Buchwald stated, "Since the OCC has not reached a final ‘fintech charter decision,’ defendants’ … motion is granted as plaintiff has suffered no injury in fact … and because plaintiff’s claims are not ripe."; it is possible that they could attempt to re-sue once the fintech charter is created. Source
The complaint was filed on Thursday with the story echoing similar stories that have been published in the last few weeks; the lawsuit is one of at least three filed against the company. Source