Upstart goes beyond the FICO score to offer personal loans. The company's proprietary underwriting model identifies high-quality borrowers despite limited credit and employment history by using variables including schools attended, area of study, academic performance, and work experience. Upstart offers 3-year and 5-year fixed interest loans, and are primarily used to pay off credit cards, consolidate debt, eliminate student debt, start a business, or pay for a personal development bootcamp.
With Upstart down 90% from its high, is now the time to buy?
Perhaps the best thing that could be said about this terrible, no good, lousy week is that … it could’ve been worse. The 13.5% slide …
The first company to receive a no-action letter from the CFPB pulled out of the program after the agency declared it ineffective.
The first company to receive a no-action letter from the CFPB pulled out of the program after the agency declared it ineffective.
This week in TechREG U.S., cryptocurrency regulation has dominated the space. Lawmakers have discussed the role of cryptos in ransomware attacks.
Today in TechREG, the Consumer Financial Protection Bureau removed Upstart from its list of approved “no-action letters,” which provide regulatory immunity.
The Consumer Financial Protection Bureau (CFPB) on Wednesday issued an order to terminate Upstart Network from its list of approved “no action letters” (NALs).
The Consumer Financial Protection Bureau ended the first “no action letter” agreement with a fintech that had provided immunity from regulatory actions.
The Consumer Financial Protection Bureau ended the first “no action letter” agreement with a fintech that had provided immunity from regulatory actions.