Cross River Intelligence Archives

December 2022

Toomey’s Crypto Bill; Well Fargo’s Enforcement Action; Acin Raises $24Mn

By Cole Gottlieb

December 26, 2022

Season’s Greetings, Consumer confidence improved as inflation moderated. Wells Fargo hit with monster $3.7Bn enforcement action. Sen. Toomey dropped a crypto bill. Acin raises $24Mn Series B. Chime tried to buy DailyPay (twice). GoDaddy refines its payment capabilities. We hope you’re having a restful holiday season. A reminder that next week, we’ll be in your inbox one da ...


Fed Transparency; Walmart’s BNPL Play; SBF Arrested

By Cole Gottlieb

December 18, 2022

Happy Sunday, Rate hikes slow, but terminal rate increases. Inflation cools. FDIC closer to having full board. Senators push for more Fed transparency. California requires more overdraft transparency. SBF arrested. Walmart-backed ONE to add BNPL. Small banks may cut ties with Zelle over potential fraud costs. Figure-linked SPAC eyes mortgage lender. Checkout.com valuation comes back to earth ...


CFPB’s First Crypto Probe; HELOC Repayment Fight; Non-bank Lender Funding

By Cole Gottlieb

December 11, 2022

Happy Sunday, Rate hikes slow, but uncertainty persists. CFPB announces first crypto probe. HELOC repayment fight. Celsius bankruptcy advances. Non-bank lenders still able to raise funds. Intuit acquires SeedFi. JG Wentworth scoops up Stilt. Circle calls off SPAC. New here? Subscribe here to get our newsletter each Sunday. Rate Hikes Slow, But Uncertainty Persists Despite the Fed havi ...


BlockFi Bankruptcy; Progress on Zelle Fraud; FICO Price Hikes

By Cole Gottlieb

December 4, 2022

Happy Sunday, Pace of rate hikes likely to slow. Government agencies defend MLA rights. BlockFi declares bankruptcy. A rare bright spot for crypto. Progress on Zelle fraud. FICO raising mortgage score prices. BNPL faces holiday test. Neobanks still getting funded. In case you missed it, we released our Q3 Consumer Lending Review this past week. New here? Subscribe here to get our newslet ...