Cross River Intelligence Archives

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 stable funding. Inflation boosts appeal of EWA. Goldman delays checking, hikes rates. Catch up on earnings season with PeerI ...

Hello everyone! We come to you today with our quarterly consumer lending wrap. Continued inflationary pressures, recession worries, and the Fed’s ongoing hikes have created turbulent times for lenders. Catch up on the latest trends we see emerging in the consumer lending space: fintech lender and bank performance, growth in the MPL market, increased regulatory scrutiny of overdraft fees, an ...

Happy Sunday! Consumer spending was flat, but shoppers are cutting back on non-essential purchases. The Fed finalized master account guidance. A neobank for SaaS companies? Central Payments lands $30Mn. Affirm CEO says its underwriting is ready for a recession. PNC drops NSFs. WebBank partners with Amex. Ranqx launches in U.S. New here? Subscribe here to get our newsletter each Sunday. C ...

Greetings, Inflation cools, but wage gains continue to pressure prices. Concerns mount on CRA updates. FDIC to scrutinize banks’ commercial real estate loans. Truework raises $50Mn. Caution on subprime debt grows. New here? Subscribe here to get our newsletter each Sunday. Inflation Cools, Slightly There was some relief in last week’s CPI print. Inflation eased to 8.5% in ...

Greetings, Rates likely need to stay higher for longer. Americans turning to dollar stores. Ford seeks ILC charter. Congress on overdraft, swipe fee bills. Parafin raises $60Mn for embedded lending. BNPL rewards. Late payments rise. Equifax score errors. New here? Subscribe here to get our newsletter each Sunday. Higher Rates for Longer Likely Needed St. Louis Fed President Bullard ex ...