Cross River Intelligence Archives

Happy Sunday, The Fed resumes rate hikes, but differences among policymakers emerge. Home prices climb. Senate seeks to rein in SBA’s 7(a) expansion. FDIC warns on banks undercounting uninsured deposits. Bunq raises €44.5Mn in additional funding. FedNow is live, now what? Cross River and Plaid expand partnership. Banc of California acquires PacWest. Upgrade acquires Uplift. Continue ...

Happy Sunday, Wage gains outpace inflation. Retail sales up (slightly). TransUnion credit data. Block sues Visa and Mastercard. New capital rules and rising rates impact bank lending. Private markets startup Anduin raises $15.6Mn. Construction worker EWA startup emerges from stealth. Creator financial platform Karat announces new funding. Customers Bancorp’s crypto customers. Has the ban ...

Happy Sunday, Inflation came in unexpectedly low, at 3%. Growth in consumer debt slows. Bank of America enforcement action. Capital One exits consent order. Clair and Jirav announce fundraises. “Durbin 2.0” could have unintended consequences. Banks collaborate on regulator-friendly blockchain test. More neobank consolidation? Banks kick off earnings. New here? Subscribe here to ...

Happy Sunday, With resilient economic activity (and inflation), the Fed expects two further hikes this year. The Supreme Court blocks Biden’s student debt plan but Biden admin has a “plan B.” Regulators weigh capital requirements. Unit21 announces Series C. Goldman looks to exit Apple deal. Zip lays off 20% of staff. Why fintech is winning the checking account war. New her ...

Happy Sunday, Fed officials reiterate more rate hikes are likely. Consumer confidence rises. Home prices fall. Tougher capital rules on the way. Bowman says reforms should focus on supervision and liquidity. TreasurySpring raises $29Mn. Credit union auto lending slowdown possible. Wise’s profit spikes. Robinhood’s third round of layoffs. PacWest shores up liquidity. Ramp buys an AI ...