Senators accuse Upstart, SoFi of discriminatory credit evaluation standards

July 31, 2020.
Three U.S. lawmakers accused fintechs including Upstart and SoFi of using credit assessment methods that could result in systemic racial discrimination, and called on the Consumer Financial Protection Bureau to curb those practices.

Wells Fargo abruptly stops taking on new student loan customers amid higher ed uncertainty

July 2, 2020.
Wells Fargo will no longer take on new student loan customers, instead issuing loans only to people who currently have an outstanding balance on a previously issued student loan with the bank or who submitted an application before July 1.