Here's Why Upstart Stock Plunged 37% in June

·3 min read
Here's Why Upstart Stock Plunged 37% in June

Shares of Upstart Holdings (NASDAQ: UPST) plunged 37.3% in June, according to data provided by S&P Global Market Intelligence. To briefly summarize, Upstart partners with banks and credit unions to provide credit based on factors beyond a person's credit score. On June 8, the Consumer Financial Protection Bureau terminated Upstart's no-action letter, something that was requested by Upstart.

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