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 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
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