Freddie Mac and its former executives won’t go to trial in a decades-old lawsuit stemming from the Great Financial Crisis, following a federal judge’s latest order. U.S. District Judge Benita Y. Pearson last Friday granted Freddie and its former officers summary judgment in a case brought by the Ohio Public Employees Retirement System (OPERS). The […]
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Figure Technology Solutions has formally launched its long-awaited initial public offering that could bring over $508 million in gross proceeds to the company if the overallotment is exercised. The company is offering over 21.46 million shares, with an overallotment of 3.95 million shares. In addition, 4.85 million shares are being sold by existing stockholders in
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Bloomberg News Financial technology companies want lawmakers to preempt state privacy laws by amending the Gramm-Leach-Bliley Act, which prohibits the disclosure of information to any third party unless the consumer is provided notice and an opportunity to opt out. On Tuesday, the American Fintech Council sent a comment letter to the House Financial Services Committee
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