Cross River Intelligence Archives

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 startup Sardine raises $51.5Mn. Ratio emerges from stealth. Amex ramps up tech hiring. New here? Subscribe here to g ...

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? Subscribe here to get our newsletter each Sunday. Inflation Remains Elevated, But (Small) Silver Lining Markets were no ...

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 “pre-approved” claims. Mesh Payments raises a Series C. HELOCs are back. Zelle’s rapid growth. SoLo Funds hits a $10 ...

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 drops significantly. New here? Subscribe here to get our newsletter each Sunday. Job Growth Slows Economists were ...