Cross River Intelligence Archives

Greetings, The Fed is committed to taming inflation. But rate hikes alone may not be enough to slow housing prices in the face of strong fundamentals. The CFPB is re-focusing on “competition” as a key vector to drive innovation. But the agency faces an existential threat to its funding. Auto refi platform Caribou raises a Series C. Klarna hits some turbulence. Pebble offers 5% APY ...

The Fed’s anti-inflationary measures and Russian invasion of Ukraine have thrown credit markets into a new direction, with rates rising at the fastest pace in decades. As we navigate a volatile market, catch up on the latest trends we see emerging in the consumer lending space: fintech lender and bank performance, MPL new issue volume’s strength, regulatory changes, and a BNPL update ...

Greetings, Fed Chair Powell commits to fighting inflation. California lawmakers ask FDIC to shutdown “rent-a-bank” schemes. Congress reacts to stablecoin collapse. Fed rate hikes change banks’ deposit calculus. BaaS startup Unit raises $100Mn. BNPL in brief. Robinhood to launch self-custody for crypto, NFTs. Plaid launches new capabilities. New here? Subscribe here to get ...

Greetings, U.S. inflation came in down slightly at 8.3%. Brazil moves towards creating a crypto framework as Argentina institutes a ban. TerraUSD, a stablecoin, collapses. Regulators push for federal stablecoin framework before end of year. Deserve raises $250Mn debt facility. Visa Ready adds BNPL. Rising rates exclude riskiest borrowers. New here? Subscribe here to get our newsletter each ...

Greetings, The Fed hiked by 0.50%, but says larger hikes are off the table for now. Bankers push back on “junk fees.” Progress on real-time payment networks. Point raises $115Mn for its home equity platform. Affirm integrates with Fiserv. Klarna to begin reporting to bureaus in the U.K. Truist acquires gamified savings app. Student loan forgiveness in the news again. New here? S ...

[et_pb_section][et_pb_row][et_pb_column type="4_4"][et_pb_text] Greetings, Natural gas jumps on Russia cut offs. Fight for Fed accounts moving slowly. CFPB invokes “dormant” authority. Is it time for regional Fed bank reforms? Teen banking app Copper raises $29Mn. PayPal and Venmo hike instant funding fees. SALT makes crypto lending available at 5,000 car dealers. Cross River partn ...