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...
by Cole Gottlieb | Sep 4, 2022 | Blog
Happy Labor Day Weekend, Job growth slows, but wage growth is elevated. Rates likely to stay higher for longer. FedNow is (finally) getting ready to roll out. Auto lending slows. Klarna losses quadruple. Banks’ tech spending finally paying off? Average overdraft fee...
by Cole Gottlieb | Aug 28, 2022 | Blog
Happy Sunday, Biden rolls out student loan forgiveness plan. Time is running out for Rep. Maloney’s Overdraft Protection Act. Showdown over P2P fraud liability. Banks push back on increase in FDIC assessment. Ramp launches invoice financing. Nonbank lenders seek...
