Visa has agreed to buy Plaid in a $5.3 billion deal, the companies have announced. The startup provides some of the financial plumbing for fintechs and has a mortgage industry presence.

The Consumer Financial Protection Board (CFPB) has sued mortgage lender Monster Loans for allegedly obtaining consumer report information unlawfully and giving it to companies hawking debt relief for student loans, the agency has announced.

A former Fannie Mae sales representative in Southern California has received a sentence of more than six years in prison for a property kickback scheme, according to federal prosecutors. So reports the Associated Press.