Should Upstart’s OCC Bank Charter Bid and $4 Billion Loan Pact Require Action From Upstart Holdings (UPST) Investors?
Upstart Holdings recently received conditional approval from the OCC to establish Upstart Bank, N.A., and expanded its forward-flow funding capacity through a new multi-year agreement under which Castlelake-managed funds may purchase up to US$4.00 billion of consumer loans over up to 24 months. Together, …