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.
As the CFPB recently terminated special regulatory treatments for Payactiv and Upstart, there are now only seven companies receiving that special treatment.
Some popular lending tech stocks that have hit 52-week — and in some cases all-time — lows in either May or June are catching bids …
With an interesting valuation, Upstart is worth investors' attention.
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.