Cross River Intelligence Archives

Hi All! We come to you today with our quarterly consumer lending wrap. As the Fed continues to battle persistent inflation with rate hikes, catch up on the latest trends we see emerging in the consumer lending space: fintech lenders and banks reduce risk, and the Fed’s impact on MPL issuances. New here? Subscribe here to get our newsletter each Sunday. For even more updates, follow us ...

Happy Sunday, More rate hikes on the horizon. Housing continues to cool. Consumers’ spending habits shift as interest rates, inflation continue to bite. Younger borrowers falling behind on debt. Custodia still wants its Fed master account. CFPB sets sights on card issuers’ reporting practices. Mintoak raises $20Mn for SMB payments-and-commerce platform. Big banks start paying up fo ...

Happy Sunday, U.S. retail sales rose sharply in January. Some Fed officials are floating the idea that rates may need to go even higher – and the bond markets seem to agree. President Biden will appoint current Fed Vice Chair Lael Brainard as his top economic advisor; Chicago Fed President Austan Goolsbee is rumored to be in the running to replace her. ModernFi raised $4.5Mn for a deposi ...

Happy Super Bowl Sunday, Strong employment numbers could mean higher rates for longer. Housing market thaws. Biden calls for “junk fee” crackdown. Banks push back on credit card late fee cap. Treasury Prime raises Series C. Blip Labs raises $2.1Mn for embedded bill pay. Banks borrow more in fed funds as deposits run off. EWA provider offers gift card bonus. Robinhood pushes back on ...

Happy Sunday, Fed rate hike pace slows – but will continue. Consumer spending falters. Custodia’s master account bid blocked. CFPB announced proposed credit card late fee rule. Stripe looking to raise $3Bn at substantial valuation cut. Sunstone and Moov raise rounds. Marqeta makes an acquisition. Layoff watch: PayPal, Upstart, BM Technologies. New here? Subscribe here to get our ...