Stay up to date with PeerIQ’s take on the news
Get the leading consumer lending newsletter every Sunday
- Earnings report deep dives
- Banking and Fintech news
- Financings and M&A
- Regulatory updates, explained
Previous Newsletters
Market Improvements; Contrarian View on U.S. Consumer; SBA PPP Program Holes
by Tito Donis | Apr 5, 2020
Greetings,This week, we focus on changes in macro estimates and improvements in market fundamentals. We also share a contrarian view on the performance of consumer credit. Let’s get to it.Unemployment Estimates Ratchet Higher (Again)In macro news, the unemployment...
3.28 MM Record Jobless Claims, Summary of $2 Tn Bill, How FinTech is Helping
by Tito Donis | Mar 29, 2020
Greetings,Another extraordinary week in markets, the economy, and the FinTech sector. This week, we analyze the recent jobless claim data, a summary of the policy response, and best practices for investors monitoring their lending portfolio. Let’s dig in.A Eulogy for...
Recession is the New Base Case; Impact to Lenders; Policy Response
by Tito Donis | Mar 22, 2020
Greetings,Recession is the new base case. This week, we will focus on the current view of the depth and length of the recession and the emerging policy response.On the macro front, the early effects of COVID-19 are presenting in the data. March retail sales released...
Coronavirus Shakes Markets; Intuit Eyes More FinTechs; Figure’s On-Chain Securitization
by Tito Donis | Mar 15, 2020
Greetings,U.S. markets experienced their largest up days and down days since the depths of the 2008 crisis and 1987 stock market crash. Credit spread deals issued in Q4 have widened 40 to 50% - ultimately increasing the costs of borrowing for consumers and small...
Coronavirus Roils Confidence; How Will Consumer Credit Hold Up?; LC+Radius
by Tito Donis | Mar 8, 2020
Greetings, Coronavirus news overshadowed a hot jobs report of ~270K new jobs and a downtick in unemployment rate to 3.5%. The Fed cut rates to a 1-to-1.25% target range in an unscheduled FOMC meeting. Fed futures are expecting another rate cut at the next...
Coronavirus Panic; Intuit Acquires Credit Karma; Yields Hit Record Low
by Tito Donis | Mar 1, 2020
Greetings, In macro news, capital markets were rattled due to the continued spread of the Coronavirus to U.S. markets. Former Fed Chair, Janet Yellen, has indicated that it is “conceivable” that the covid-19 virus could throw the U.S. economy and Europe into...
Morgan Stanley, Ally, and LendingClub Stoke M&A; FinTech Financing Records
by Tito Donis | Feb 23, 2020
Greetings, What a week! Three major M&A deals that are re-shaping the consumer finance and FinTech sector. PeerIQ will be attending SFIG Vegas this Sunday through Wednesday. Drop us a note - we’d love to catch up and introduce you to our recent sales hire,...
Fed Lacks Ammo; Varo Wins Race for Charter; Visa Enters POS
by Tito Donis | Feb 16, 2020
Greetings, Quite a bit of market news this week on the regulatory and POS front. First, in macro news, Fed Chair Powell noted that the Fed may lack ammo to combat the next recession. Powell indicated the Fed would use tools from the last recession (such as QE), but...
Strong Jobs Beat, GS Investor Day, Mastercard vs Visa
by Tito Donis | Feb 9, 2020
Greetings,In macro news, the US Economy added 225,000 jobs in January, beating expectations of 158,000 jobs, and brought the unemployment rate to 3.6%. Wages increased by 3.1% from a year earlier.At the same time, the inverted yield curve returned to the scene after...
Status of the U.S. Consumer, Cross River Bank Study, FICO Move, Ocrolus
by Tito Donis | Jan 25, 2020
Greetings, News over the past week centered on the health of the U.S. consumer. Also, a recent op-ed from Gilles Gade, CEO of Cross River Bank, sparked a debate over alternative data and regulatory sandbox. The Economic Cycle Research Institute has penned a...