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Previous Newsletters
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...
SoFi Surges; Klarna’s Volume Grows; Citi Eliminates Overdraft Fees
by Cole Gottlieb | Mar 6, 2022
Greetings, The war in Ukraine enters its second week and sanctions start to bite. U.S. still set to raise rates. More states mull 36% rate caps. Zip buys Sezzle. TD expands in the U.S. Klarna’s volume (and losses) grow. Citi eliminates overdraft fees. Cross River...
Chime Delays IPO; Circle Delays SPAC; BNPL Losing Its Luster?
by Cole Gottlieb | Feb 27, 2022
Greetings, Market turmoil as war erupts in Ukraine. Regulators scrutinize BAML on benefits fraud. Groundfloor raises $118Mn. Chime delays IPO. Is BNPL losing its luster? Circle delays SPAC, doubles valuation. SoFi acquires Technisys. Banks partner for crypto custody....
Q4 2021 Review | Consumer Lending
by Cole Gottlieb | Feb 27, 2022
As we kick off the new year with increased volatility amidst continuing inflationary pressures and anticipation of more, faster rate hikes, catch up on the latest trends we see emerging in the consumer lending space: differences between fintech and bank performance,...
Upstart & Elevate Earnings; BlockFi’s $100Mn Settlement; New Neobank Features
by Cole Gottlieb | Feb 20, 2022
Greetings, SMBs are passing along rising prices. Account-to-account payments are gaining steam. Amex partners with a spend management startup. Non-prime originations increase. Fintech neobanks add new features. BlockFi’s $100Mn settlement. Upstart, Elevate, and Q2...
Amex Launches Consumer Checking; Congress Holds Stablecoin Hearing; What’s a “Junk Fee”?
by Cole Gottlieb | Feb 13, 2022
Greetings, Inflation is coming in hot. CFPB takes aim at “junk fees.” Fintech-bank partnership landscape is evolving. Congress holds stablecoin hearing. Happy Money is a unicorn. Small banks not interested in BNPL. Amex launches a consumer checking account. BNPL...
Experian BNPL Bureau; Revolut’s U.S. Strategy; CFPB Warns on AI
by Cole Gottlieb | Feb 6, 2022
Greetings, The job market remains tight, but consumer confidence has been dented. The CFPB is warning of “robo discrimination.” Jelena McWilliams’ crypto comments. Overdrafts are out, financial health is in. Cross River and PayTile partner on payments platform....
Rate Hikes Imminent; Walmart Acquires ONE; Chuck Goes Live
by Cole Gottlieb | Jan 30, 2022
Greetings, U.S. rate hikes may exacerbate global debt burden. Fed discusses CDBCs, but they’re still a long way off. Robinhood readies its crypto wallet. Walmart’s fintech goes shopping. Zelle-competitor goes live. Affirm joins “super app” arms race. Experian lets...