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Previous Newsletters
Stablecoin Collapse; Deserve Raises $250Mn in Debt; Visa Ready Adds BNPL
by Cole Gottlieb | May 15, 2022
Greetings, U.S. inflation came in down slightly at 8.3%. Brazil moves towards creating a crypto framework as Argentina institutes a ban. TerraUSD, a stablecoin, collapses. Regulators push for federal stablecoin framework before end of year. Deserve raises $250Mn debt...
Fed Rate Hike; Progress on Real-Time Payments; Truist Acquires Long Game
by Cole Gottlieb | May 8, 2022
Greetings, The Fed hiked by 0.50%, but says larger hikes are off the table for now. Bankers push back on “junk fees.” Progress on real-time payment networks. Point raises $115Mn for its home equity platform. Affirm integrates with Fiserv. Klarna to begin reporting to...
CFPB Invokes ‘Dormant’ Authority; Cross River and Sardine Partner; Copper Raises $29Mn
by Cole Gottlieb | May 1, 2022
Greetings, Natural gas jumps on Russia cut offs. Fight for Fed accounts moving slowly. CFPB invokes “dormant” authority. Is it time for regional Fed bank reforms? Teen banking app Copper raises $29Mn. PayPal and Venmo hike...
Cross River Partners with Revolut; Brex Acquires Pry; Coinbase NFT Marketplace
by Cole Gottlieb | Apr 24, 2022
Greetings, Home prices hit a record. The Fed has a near-impossible task in navigating today’s economic challenges. Former Ripple advisor nominated for Fed vice chair of supervision. Fed turns to private sector in talent hunt. NovoPayment raises $19Mn Series A. Cross...
Debt Investors’ Caution Grows; CFPB Sues TransUnion; Circle Raises $400Mn
by Cole Gottlieb | Apr 17, 2022
Greetings, Yes, inflation is up again. CFPB sues TransUnion. Circle raises another $400Mn. Former Apple Card designer launches neobank for ‘solopreneurs.’ Investors turn cautious on consumer debt. Cross River and GreenBox partner. Mastercard presses forward with AI,...
Binance.US Raises $200Mn; Amex Joins Metaverse Race; Fast Shuts Down
by Cole Gottlieb | Apr 10, 2022
Greetings, Markets brace for rate hikes, quantitative tightening. Binance.US raises over $200Mn. Bank earnings buffeted by interest rate hikes, inflation. Amex files metaverse patents. FICO fights to maintain relevance. Fast shuts down. Credit unions face deposit glut...
Cross River Raises $620Mn; FTA Defends BNPL; Apple’s FinServ Ambitions
by Cole Gottlieb | Apr 3, 2022
Greetings, Is a cost of living crisis brewing? The Fed keeps tabs on 2007-like housing market. Sen. Toomey knocks CFPB on bureau medical debt decision. FTA defends BNPL. New bill proposes Treasury manage a digital dollar. ChargeAfter raises $44Mn Series B. Apple to...
Apple’s Open Banking Acquisition; Goldman’s Crypto Trade; Fed Gets Hawkish
by Cole Gottlieb | Mar 27, 2022
Greetings, The Fed is getting more hawkish. The CFPB is expanding its view of discrimination. Corporate expense management startups raise rounds. BNY Mellon pulls back from Russia. Goldman executes its first OTC crypto trade. Cross River and Cherry Technologies ink...
Affirm’s Canceled ABS; Stilt’s Credit-as-a-Service; Acorn’s $300Mn Raise
by Cole Gottlieb | Mar 20, 2022
Greetings, Inflation expectations stay high. Biden’s crypto EO is finally out – now what? Raskin withdraws as Fed nominee. Stilt raises $114Mn, launched credit-as-a-service offering. Argyle raises $55Mn Series B. Acorn buries failed SPAC, raises $300Mn Series F....
CRA Revamp; Crypto Executive Order; Marlette Raises $250Mn
by Cole Gottlieb | Mar 13, 2022
Greetings, Inflation hits a high. CRA revamp in the works. White House orders government-wide crypto review. Fed seeks comment on tiered reviews for access to services. Zeta raises $30Mn. Marlette’s $250Mn Series E. More payments companies pull out of Russia. BNPL as...