Cross River Intelligence Archives

Happy Sunday! Markets calmer on hopes of slower rate hikes. But the mortgage market outlook remains gloomy. Group travel startup raises $27Mn. Cross River partners to issue cards on American Express’ network. Marqeta ramps up BaaS focus. Amazon testing accepting Venmo. Zip launches BNPL card. If you were at Money20/20 last week, we hope you had a productive conference! New here? Su ...

Happy Sunday! Housing market slows on rate hikes. OppFi’s “true lender” setback. FDIC hikes deposit assessment. SBA will expand fintechs’ access to 7(a) lending program. More regulatory scrutiny for Visa and Mastercard. Mastercard’s crypto bridge. Investors eye deposits. Goldman’s reorg. Earnings season continues. To kick things off, we have an update fro ...

Happy Sunday, The global economic picture remains gloomy. Inflation remains elevated. Fed officials expect rates could reach at least 4.5% over time. The OCC wants more data on banks’ crypto activities. “Durbin 2.0” bill down but not out. Kids’ debit card startup Step raises $300Mn in debt. JPMorgan and Visa team up on private blockchains. BNY Mellon launches crypto cus ...

Happy Sunday! Job openings dipped in August but remain elevated. The WTO is warning of a global slowdown. The U.N. wants the Fed to pause rate hikes. The Fed finalized a debit card routing rule. BNPL is bracing for what’s next. A ‘crypto bank’ startup raises $18Mn. Debt paydown startup Tally raised $80Mn. BaaS platform Railsr announced $46Mn in new debt and equity. And Afterp ...

Happy Sunday, Consumers are faced with hard choices as inflation bites. Gas prices down = consumer confidence up. 10-year Treasuries hit 4%. Banks push back on “Durbin 2.0.” Nexo acquires a stake in a bank, is sued by state regulators. Banc of California acquires Deepstack. New here? Subscribe here to get our newsletter each Sunday. At Least Gas Prices Are Falling… ...