Cross River Intelligence Archives

Hi all! We come to you today with our quarterly consumer lending wrap. Amidst a volatile macro backdrop, catch up on the latest trends we see emerging in the consumer lending space: fintech lender and bank performance, the effect of rate hikes on the MPL securitization market, and regulatory developments. Fintech Originations Slide, Bank and Fintech NCOs Edge Up To kick things off, we wa ...

Happy Sunday, We hope you had an enjoyable long Thanksgiving weekend! Global economy slowing but may avoid recession. Investors put the brakes on home purchases. Demand for new credit cards increases. Student debt forgiveness faces legal setbacks. Despite challenging VC climate, deals are getting done. FTX drama continues. New here? Subscribe here to get our newsletter each Sunday. Gl ...

Happy Sunday, The producer price index showed slowing price increases vs. September. Consumers still spending. Credit card balances growing. Bank deposits shrinking. Brainard says pace of rate hikes could slow. Custodia case against Fed can proceed. White House makes Gruenberg official. Prosperity pays PPP price. FTX fallout continues to reverberate. New here? Subscribe here to get our news ...

Happy Sunday, Some investors are now betting rates hit 6%. October CPI rises less than expected. SBA slowly takes steps to expand 7(a). The Fed has been busy: financial stability report, master accounts, FedNow discounts, NBFI’s debt levels. FTX files for bankruptcy. SplitIt partners with Checkout.com. Goldman pursuing card tech acquisitions. Twitter files with FinCEN. New here? Subsc ...

Happy Sunday, The Fed hiked another 75 bps. Job openings increased. FHA mortgages showing signs of stress. CFPB’s future may be in Supreme Court’s hands. Custodia’s lawsuit backs Fed into corner. OCC to establish Office of Financial Technology. JPMorgan Chase wants to take rent payments online (finally). In case you missed, last week, PeerIQ released our special report on ...

Hello everyone! We come to you today with a special edition of the newsletter, covering how consumers are using financial products to manage short-term cash flow challenges. This is an evolving space, where boundaries and product definitions are not set in stone. However, we try to compare and contrast products that solve a similar problem for the consumer; we dive into earned wage access, sma ...