Cross River Intelligence Archives

Hi all, Cole here! We come to you today with our quarterly consumer lending review. Catch up on the latest trends emerging in the consumer lending space: credit tightening measures’ effect on originations and MPL new issue volume remains subdued. New here? Subscribe here to receive our newsletter each Sunday. For even more updates, follow/connect with me on LinkedIn and join my Discor ...

Happy Sunday, Fed officials’ expectations for future interest rates diverge. Mortgage purchase apps hit lowest level since ‘95. Cars are increasingly unaffordable. CFPB sues division of CURO on loan “churning.” Ramp raises $300Mn. Coinbase acquires minority stake in Circle. Current partners with Cross River on credit building card. Consumer credit growth slows. Affirm r ...

Happy Sunday, Fed officials remain concerned about inflation. Maryland issues earned wage access guidance. OneBlinc lands debt facility. Better.com crosses SPAC finish line. Bluevine hopes for IPO. PayPal names new CEO. Discover chief abruptly resigns. Fitch warns on ratings downgrades. Amazon and Chase partner on installment options. Plaid teams up with Pinwheel, Atomic for payroll data. Tran ...

Happy Sunday, July’s CPI print came in lower than expected. Slower hiring and rising oil prices are making the Fed’s life hard. “Novel activities” to get own supervision program. Figure withdraws bank charter app. Banks penalized for employees’ messenger use. Revolut to suspend U.S. crypto features. Knot raises Series A. Petal gets debt facility. Achieve and Cross ...

Happy Sunday, Fitch downgrades U.S. credit. Job openings fall, as do layoffs. SEC finalizes data breach reporting rule. Croissant exits stealth with $24Mn in funding. Mercury Financial inks $200Mn debt deal. Mastercard moves to block pot payments. Bread reports declining credit volume. Levchin skeptical of Elon’s “X” ambitions. SoFi earnings. New here? Subscribe here to ge ...