Figure Q3 volume rises 135% to $5.8B on Connect growth

The volume of new second charge mortgage agreements rose 9% year-on-year to 3,828 in June, compared to a 1% decline in May. Figures from the Finance & Leasing Association (FLA), the value of new business increased 16% annually to £205m, higher than the £175m value recorded in the previous month.  Over the three months…

The Securities and Exchange Commission today charged CMI Capital LLC and its founder and manager, Michael D. Williams, for an alleged fraudulent investment scheme that raised approximately $860,000 from at least 18 investors, many of whom are current or retired law enforcement officers in South Florida. The defendants have agreed to a bifurcated settlement in…

WOODRIDGE, Ill., Aug. 14, 2026 /PRNewswire/ — Mahoney Environmental today announced that Laura Nortamo will join the company as Vice President, Finance, effective September 1, 2026. Nortamo will also join Mahoney’s Leadership Team and will report to Dave Kimball, President and CEO. She succeeds Teija Pajamo. “Laura brings a rare combination of financial rigor, operational insight,…

AI goes out of control. It’s launching a devastating cyberattack. Flip a kill switch, and the AI goes offline. Problem solved. Or is it? AI leaders and researchers say a kill switch may not be the silver bullet some policymakers are hoping for. “I don’t think it’ll work in the long run,” Geoffrey Hinton, the…

Electric vehicle manufacturer Rivian automated one of the more tedious jobs in corporate finance: tracking how much to set aside for custom manufacturing tools it has ordered but not yet received a bill for. Rivian built an artificial intelligence system on Amazon Bedrock and eliminated more than 15 days of manual work per close cycle,…