Page 3 - Figure Technologies News Today

Outgoing chief returns to his previous role as chief product officer

To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry...

Banking-as-a-service is expected to grow 15% each year to be valued at nearly $66 billion by 2030.

Mike Cagney's Figure Technologies laid off 20% of its staff and plans to take its profitable lending business public in 2024: Bloomberg

Figure Technologies has reportedly laid off staff and is preparing for an initial public offering (IPO). The firm laid off 20% of its staff — 90 employees —…

The nonbank enters partnership with CMG Financial, CrossCountry Mortgage, Fairway Independent Mortgage, and The Loan Store

The collapse of FTX Trading Ltd. in November took the cryptocurrency market by storm, shaking up the already fragile sector. Industry experts have referred to the crypto exchange's bankruptcy as its "Lehman moment," alluding to the historic 2008 collapse of Lehman Brothers Inc., which triggered a worldwide recession. FTX Founder Sam Bankman-Fried was sued by the U.S. Securities and Exchange Commission (SEC), which alleged that he engaged in a "massive, yearslong fraud." ...

Mike Cagney's Figure Technologies rolled out a wholesale lending platform that will give loan originators access to the company's HELOC offering.

As Arizona Sen. Kyrsten Sinema took in crypto donations, she went from being a proponent of regulations to being a force for compromise with the industry.

The transaction is the second of its kind in the past six months and comes as the mortgage leaders take steps to develop document standardization that would ease electronic closings and trading of the home equity loans.