Bill would mandate Federal Reserve use economic levers to promote racial equity

August 5, 2020.
Democrats in the House and Senate banking committees unveiled legislation on Wednesday that would make unprecedented changes to the mission of the U.S. Federal Reserve, creating a mandate to reduce racial disparity across the economy.

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.

Fintech Upstart expands AI platform to support auto lending

June 24, 2020.
Upstart, an artificial intelligence-based lending platform that has helped banks provide nearly $7 billion in personal loans, said it will begin offering auto loans as demand continues to surge in the growing fintech sector.