Thesis: legal-threats, analyst: bleeker-street-research, sector: finance.
an “AI-powered” consumer lending platform. Bleecker Street Research said that “Upstart’s two largest sources of revenue come from banks with pretty big regulatory issues.” For example, Cross River Bank, which accounted for ~45% of Upstart’s revenue, received a cease-and-desist notice from the FDIC regarding its supervision of loans. In addition, FinWise, which accounted for ~28% of Upstart’s revenue, was criticized by the National Consumer Law Center in a letter to the FDIC for “abusive and predatory” lending practices.
More ... latest change: 2026-02-28
Last updated: 2026-03-07 by automated standardization process
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