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Feds' suit depicts predatory mortgage lending in the social media age

American Banker

The Justice Department and the Consumer Financial Protection Bureau are suing a real estate developer over an alleged bait-and-switch land-sale scheme near Houston. The developer used TikTok and other social media sites to lure Hispanic immigrants into predatory loans, the government alleges.

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Fintech Fundings: 12 Companies Raise $205 million Week Ending June 18

Fintech Labs Insights

HQ: Houston, Texas. Tags: Risk management, security, regulation, compliance. Source: FT Partners. Harvest Exchange. Investor network. Latest round: $5 million Series B. Total raised: $9.4 Source: Crunchbase. Mobile alt-credit . HQ: San Francisco, California. Latest round: $ 1.5 Total raised: $ 1.5 Source: Crunchbase. Latest round: $1.1

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Five at Five: Brookstone Ends Era With Bankruptcy

PYMNTS

Coverage includes a bankruptcy filing by Brookstone , Apple surpassing the $1 trillion market cap milestone, Amazon getting hit by Italian regulators, Kroger launching delivery in key markets and the CSO of Facebook stepping down. Amazon Slapped By Italian Regulators On Postal Delivery. election and Facebook’s role in the campaign.

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The metaverse could be tech’s next trillion-dollar opportunity: These are the companies making it a reality

CB Insights

Base Hologram is using the tech to bring popular artists like Whitney Houston and Buddy Holly back to the stage, while Israel-based RealView Imaging renders holograms of a patient’s internal organs to help with surgical planning. . For example, Vntana uses 3D scanning to transform products like furniture or jewelry into 3D images.

Company 101