by Cole Gottlieb | Oct 16, 2022 | Blog
Happy Sunday, The global economic picture remains gloomy. Inflation remains elevated. Fed officials expect rates could reach at least 4.5% over time. The OCC wants more data on banks’ crypto activities. “Durbin 2.0” bill down but not out. Kids’ debit card startup Step...
by Cole Gottlieb | Oct 9, 2022 | Blog
Happy Sunday! Job openings dipped in August but remain elevated. The WTO is warning of a global slowdown. The U.N. wants the Fed to pause rate hikes. The Fed finalized a debit card routing rule. BNPL is bracing for what’s next. A ‘crypto bank’ startup raises $18Mn....
by Cole Gottlieb | Oct 2, 2022 | Blog
Happy Sunday, Consumers are faced with hard choices as inflation bites. Gas prices down = consumer confidence up. 10-year Treasuries hit 4%. Banks push back on “Durbin 2.0.” Nexo acquires a stake in a bank, is sued by state regulators. Banc of California acquires...
by Cole Gottlieb | Sep 25, 2022 | Blog
Happy Sunday! Fed hikes another 0.75 points, aims for 4-4.5% by EOY. White House readies FDIC board nominations. CFPB releases BNPL report, reiterates plans for new rule on credit card late fees. Financial “passport” startup Portabl raises $2.5Mn. Fraud prevention...
by Cole Gottlieb | Sep 18, 2022 | Blog
Happy Sunday, Markets drop on unpleasant inflation report. Goldman’s subprime problem. Credit card rates hit 26-year high. JPMorgan acquires cloud-based payments switch Renovite. Fitch acquires majority stake in dv01. Walmart readies checking account. New here?...
by Cole Gottlieb | Sep 11, 2022 | Blog
Greetings, As prices rise, more Americans are eating at home. Markets anticipate another 0.75 rate hike later this month. Fed officials insist higher rates will beat back inflation. Regulatory scrutiny of bank/fintech partnerships heats up. CreditKarma fined on...