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Previous Newsletters
CPI Higher Than Expected; Visa & ServiceNow Team Up; Klarna One-Click Checkout
by Cole Gottlieb | Feb 18, 2024
Happy Sunday, Higher than expected inflation. Visa and ServiceNow team up to simplify dispute management. Revolut offers eSIMs now. FIS and Banked partner on account-to-account payments. Credit union services orgs offer BNPL-like capability. Klarna offers one-click...
Rain’s $300Mn Debt Deal; LendingClub Exits OCC Agreement; EY & MoneyLion Partner
by Cole Gottlieb | Feb 11, 2024
Happy Sunday, Fed comments on rate policy. EWA provider Rain’s debt deal. Citi picks ChargeAfter for POS lending. Affirm and Afterpay tweak loyalty programs. LendingClub exits its OCC operating agreement. EY and MoneyLion partner. Aeroplan partners with Cross River....
Consumer Confidence Up; Upgrade & FairPlay Partner; Apple Hits 12Mn Card Users
by Cole Gottlieb | Feb 4, 2024
Happy Sunday, The Fed held rates steady, but don’t expect cuts soon. Consumer confidence improved. Job openings rose. Blue Ridge and Choice hit with regulatory enforcement actions. Apple celebrates a 12Mn user milestone. Upgrade and FairPlay partner. Amazon teams up...
CFPB Proposes NSF Fee Rule; ModernFi Raises $18.7Mn; Klarna Plans IPO
by Cole Gottlieb | Jan 28, 2024
Happy Sunday, Consumers lean on their credit cards. The CFPB targets “junk fees”. DailyPay raises $175Mn. ModernFi raises $18.7Mn. Sunbit secures new debt facility. Klarna targets IPO, rolls out subscription service. TransUnion credit data. Earnings season continues....
CFPB Proposes Overdraft Rule; Kashable Raises $25.6Mn; Fiserv Wants Bank Charter
by Cole Gottlieb | Jan 21, 2024
Happy Sunday, The Fed’s Beige Book showed relatively benign economic conditions, all things considered. The CFPB dropped a new proposed rule on overdrafts. Kashable raised a $25.6Mn Series B round. Pier raised a $2.4Mn seed round. Circle filed confidentially to IPO....
NY Gov. Proposes BNPL Law; Arc Launches Debt Marketplace; FloatMe’s FTC Trouble
by Cole Gottlieb | Jan 14, 2024
Happy Sunday, Price hikes continue to slow. The Fed could start cutting rates by March. Bitcoin ETF gets SEC nod (really). New York Gov. proposes BNPL law. FloatMe in trouble with the FTC. Montana AG says EWA isn’t a loan. Revolut faces potential class action. Arc...
Regions’ Check Fraud Problem; HSBC Launches Zing; Google Wallet ID Ambitions
by Cole Gottlieb | Jan 7, 2024
Happy New Year, Welcome to 2024 – hopefully you enjoyed some time off over the holidays (we did!) and are ready for the new year. FOMC meeting minutes suggest rate hikes are done. Job listings continue to normalize. Bank trade groups push CFPB to take stronger stance...
Auto Borrowers Underwater; U.S. Bank Consent Order; CRE Troubles
by Cole Gottlieb | Dec 24, 2023
Happy Holidays! More auto borrowers are underwater. Forty percent of federal student loan borrowers still not making payments. U.S. Bank consent order. Student banking and overdraft reports. Consumers using BNPL to avoid hit to credit reports. Commercial real estate...
SumUp Scores €285Mn; Apex Files For IPO; Amazon and Venmo Call It Quits
by Cole Gottlieb | Dec 17, 2023
Happy Sunday, The Fed held rates steady. Inflation cools slightly. Canopy raises $15.2Mn. Canapi Ventures scores $750Mn for new fintech-focused fund. SumUp announces €285Mn haul. Apex clearing looks to IPO in 2024. Amazon and Venmo call it quits. Stretched holiday...
Q3 2023 Review | Consumer Lending
by Cole Gottlieb | Dec 12, 2023
Hi all, Cole here! We come to you today with our quarterly consumer lending review. Catch up on the latest trends emerging in the consumer lending space: personal loan vs. auto/bankcard loan trends, takeaways from individual company earnings, and an increase in MPL...