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The racial wealth gap is getting wider. Can technology fix it?

In recent years, the wealth gulf between white and Black families has only grown. But there is hope that advances in fintech, such as wider adoption of artificial intelligence, can help. ....

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CFPB Suing Zero-Interest Lender Over Lending Practices

CFPB Suing Zero-Interest Lender Over Lending Practices
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CFPB Files Lawsuit Against SoLo Funds for Alleged Deceptive Lending Practices | Troutman Pepper

Last week, the Consumer Financial Protection Bureau (CFPB or Bureau) filed a complaint against SoLo Funds, Inc., a fintech company operating a small-dollar, short-term lending platform.. ....

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SoLo Funds vows to fight CFPB lawsuit

The company changed several of the practices the agency complained about several years ago, such as threatening to report nonpaying borrowers to credit bureaus, co-founder Rodney Williams says. ....

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Technological Innovation in Banking: How SoLo Funds is Breaking Traditional Barriers

Technological Innovation in Banking: How SoLo Funds is Breaking Traditional Barriers
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