The alt lender has since expanded the use of blockchain to other products, including a mortgage refinance option and an asset management platform, and plans to launch a small-dollar installment-loan offering in January. However, these products require licensing in each state Figure operates in, making it costly and difficult to expand.
Currently, Figure has to comply with 96 licenses from 49 states to operate its business, which could rise to 200 by next year, co-founder and CEO Mike Cagney. By contrast, a national bank charter would enable Figure to offer its products nationwide while focusing on the requirements of a single regulator, simplifying its compliance efforts.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside ESPN's exit from esports, layoffs, and what it means for media - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. thanks for this news
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside ESPN's exit from dedicated esports coverage and what it means for media - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 90% of news about covid and trump What is espn SAI i'm proud of this move , ESPN finally realizes Esports is rigged and controlled by Tencent with corrupted Que's & fake bot accounts that sabotage regional games for the promotion of their own ' in house ' gamers .
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside one of the biggest US bank deals since the financial crisis - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside BuzzFeed and HuffPost's acquisition: 2020 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside BuzzFeed and HuffPost's tie-up - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside the NCAA's rules for student-athletes monetizing their brand - Business InsiderNCAA student-athletes are months away from being able to profit off their brand. Here are all the ways businesses, agents, and advertisers can — and can't — work with them. thank you very much for your work
Source: BusinessInsider - 🏆 729. / 51 Read more »