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Previous Newsletters
Stripe Finalizes Tender Offer; Pipe Launches “CaaS”; Mercury Launches Consumer Banking
by Cole Gottlieb | Apr 21, 2024
Happy Sunday, IMF upgrades U.S. growth forecast. Consumer spending in March exceeds expectations. Fed signals it will give rate policy more time to work. FlexWage gets carve out in Vermont. Stripe finalizes tender offer deal. Ramp raises $150Mn. Pipe announces...
Klarna Launches Wikipink; Santander Expands Digital-Only Bank; Empower Acquires Petal
by Cole Gottlieb | Apr 14, 2024
Happy Sunday, Inflation comes in hot. Hopes for rate cuts dim. CFPB drops video game report. Banks begin trimming deposit rates. Klarna launches Wikipink. Santander to expand digital banking brand Openbank. Empower acquires Petal. Banks kick off earnings season. New...
NewRetirement’s Series A; Treasury Prime & Narmi Partner; Tally’s B2B Pivot
by Cole Gottlieb | Apr 7, 2024
Happy Sunday, Economy added 184,000 jobs last month. Fed’s rate cut position unchanged. NewRetirement, Brim announce funding rounds. PayPal and Venmo add Visa+ capability. Treasury Prime and Narmi partner on FedNow. Tally latest to attempt B2B pivot. Chase launches...
Visa & MC’s $30Bn Settlement; Walmart Can End CapOne Deal; ZayZoon Raises $15Mn
by Cole Gottlieb | Mar 31, 2024
Happy Sunday, Disinflation fueling share buybacks. Walmart can end CapOne partnership early. Visa and Mastercard reach $30Bn settlement. Apple’s antitrust headache. JPMC sues TU. Trade groups seek to block Colorado law. EWA provider ZayZoon extends Series B. Robinhood...
Fed Holds Rates Steady; PPP Platforms Reach FTC Settlements; Credova Acquired
by Cole Gottlieb | Mar 24, 2024
Happy Sunday, Fed holds rates steady. Consumers think credit approval chances have dimmed. Biz2Credit, Womply reach FTC settlements. Figure Markets launches, raises $60Mn. Credova acquired. Galileo expands BNPL capabilities. Onyx Private pivots to B2B. TransUnion...
Q4 2023 Review | Consumer Lending
by Cole Gottlieb | Mar 20, 2024
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: personal loan vs. auto/bankcard loan trends, takeaways from individual fintech company and bank earnings, and a...
U.S. CoC Sues CFPB; Griffin Raises $24Mn; VoPay Joins with Cross River
by Cole Gottlieb | Mar 17, 2024
Happy Sunday, Core CPI jumps. U.S. Chamber of Commerce sues CFPB. U.K. BaaS platform raises $24Mn. Oxygen pivots to healthcare. VoPay joins with Cross River. Revolut investor cuts valuation. Chime adds “gamified” financial education. Oportun reports earnings. Keep an...
CFPB Finalizes Late Fee Rule; Synctera Raises $18.6Mn; Visa/DailyPay Partner
by Cole Gottlieb | Mar 10, 2024
Happy Sunday, Economy keeps adding jobs. CFPB finalizes credit card late fee rule. Synctera extends Series A. Argyle raises $30Mn Series C. NYCB gets $1Bn lifeline. Visa partners with DailyPay, Western Union. Robinhood launches retirement accounts for gig workers....
Lineage’s Consent Order; NayaOne Raises $4.7Mn; Apple Pay Later to Furnish to Experian
by Cole Gottlieb | Mar 3, 2024
Happy Sunday, When the Fed finally starts lowering rates, it won’t be the “elevator” down you’re used to. Democratic legislators seek to block Capital One/Discover acquisition. NayaOne raises $4.7Mn. Cross River launches investment bank. Lineage hit with consent...
Could Rates Go Higher? Capital One to Acquire Discover; Monzo Targets £4Bn Valuation
by Cole Gottlieb | Feb 25, 2024
Happy Sunday, Americans spend most on food in 30 years. Could the Fed hike rates further? Big banks charge higher rates on credit cards. Senators push for Zelle scam refund policy. Monzo aims for £4Bn valuation. Capital One to acquire Discover. How households use...