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Previous Newsletters
U.S. CoC Sues CFPB; Griffin Raises $24Mn; VoPay Joins with Cross River
by Cole Gottlieb | Mar 17, 2024
Happy Sunday, Core CPI jumps. U.S. Chamber of Commerce sues CFPB. U.K. BaaS platform raises $24Mn. Oxygen pivots to healthcare. VoPay joins with Cross River. Revolut investor cuts valuation. Chime adds “gamified” financial education. Oportun reports earnings. Keep an...
CFPB Finalizes Late Fee Rule; Synctera Raises $18.6Mn; Visa/DailyPay Partner
by Cole Gottlieb | Mar 10, 2024
Happy Sunday, Economy keeps adding jobs. CFPB finalizes credit card late fee rule. Synctera extends Series A. Argyle raises $30Mn Series C. NYCB gets $1Bn lifeline. Visa partners with DailyPay, Western Union. Robinhood launches retirement accounts for gig workers....
Lineage’s Consent Order; NayaOne Raises $4.7Mn; Apple Pay Later to Furnish to Experian
by Cole Gottlieb | Mar 3, 2024
Happy Sunday, When the Fed finally starts lowering rates, it won’t be the “elevator” down you’re used to. Democratic legislators seek to block Capital One/Discover acquisition. NayaOne raises $4.7Mn. Cross River launches investment bank. Lineage hit with consent...
Could Rates Go Higher? Capital One to Acquire Discover; Monzo Targets £4Bn Valuation
by Cole Gottlieb | Feb 25, 2024
Happy Sunday, Americans spend most on food in 30 years. Could the Fed hike rates further? Big banks charge higher rates on credit cards. Senators push for Zelle scam refund policy. Monzo aims for £4Bn valuation. Capital One to acquire Discover. How households use...
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...