Cross River Intelligence Archives

Happy Sunday and Memorial Day Weekend! Fed officials are divided on additional rate hikes. Mortgage rates climb. Citizens Bank settles with CFPB. More states propose EWA regulations. Rocket Mortgage debuts a 1% down payment option. Airbnb teams up with Klarna, Stripe. Fifth Third acquires Rize. First Citizens sues HSBC. Daylight shuts down. SoLo gets third consent order. TransUnion April credi ...

Happy Sunday, Fed officials warn a long way to go on inflation. Consumer debt rises, with signs of stress emerging. Senators blame ‘fatal’ mismanagement for SVB, Signature failures. Fed’s Barr pushes for capital reforms. Dems urge Supreme Court to preserve CFPB funding mechanism. Zip raises $100Mn Series C. Regional bank stocks rally. Citi doubles down on POS lending. BAML la ...

Happy Mother’s Day! Inflation eased in April but remains elevated. Concerns about commercial real estate grow. PacWest cuts its dividend. EBA Fund wants to scale microloans. Revolut execs trash U.K. regulators. Fed survey shows credit tightening. Slash emerges from stealth. Capital One fires back at Walmart. Lots of fintech earnings coverage. This week was the Fintech Nexus conference ...

Happy Sunday, The Fed hikes again but signals a pause is possible. Job market data. Treasury announces buyback program. FDIC deposit insurance report recommends “targeted coverage” expansion. Apple users put nearly $1Bn in new savings accounts. Greenwood acquires Kinly. Smaller banks boost loan loss provisions. First Republic acquired by JPMorgan. TD and First Horizon terminate mer ...