Cross River Intelligence Archives

Shares of Lending Club and OnDeck surged last Monday 3.9% and 9.5% respectively, on reporting from the WSJ citing increased investor appetite for bonds backed by marketplace lending loans. The price action in response to the report underscores public markets focus on execution in the ABS markets. The report, citing bond performance information provided by PeerIQ, shows a substantial tightening in ...

The NY Fed issued its Quarterly Report on Household Debt and Credit. Consumer lending growth has continued for three consecutive years after a period of deleveraging following the Great Recession. Total debt held by American households reached a record $12.73 Tn in Q1. Although debt levels exceed 2008 levels, the WSJ reports that as a proportion of GDP, total debt is 67% of nominal GDP as compared ...

 A year after the Lending Club May 9th disclosures, investors and platforms are reflecting on the future of fintech. PeerIQ held a panel discussion this Tuesday titled, "What's Next in Fintech Lending" featuring speakers including moderator, Peter Rudegeair (WSJ), and panelists Ram Ahluwalia (PeerIQ), Zhengyuan Lu (Victory Park), William Black (Moody's Investors Service) and Greg Nowa ...

We are pleased to share the audio recording from a Panel Discussion held at PeerIQ on May 9, 2017. Tune in to hear from leading operators and observers in a discussion on new and emerging trends in the fintech lending landscape. Our panelists explore new trends facing the industry, highlighting key risks—and opportunities. We dive into credit performance, financing access and liquidity, r ...

US unemployment fell to 4.4%—the lowest level in a decade—matching the low-point in the last economic expansion. The FOMC maintained interest rates in their target zone of 75 to 100 bps. On the regulatory front, Thomas Curry stepped down this past Friday as Acting Comptroller of the Currency. Congressional Republicans have urged the OCC to pause the FinTech charter until a Trump app ...