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Previous Newsletters
Debt Ceiling Deal; OneMain Settlements; JPMC Bets Big On AI
by Cole Gottlieb | Jun 4, 2023
Happy Sunday, Congress is poised to reach a debt ceiling deal. Borrowers may (finally) resume paying their student loans. OneMain hit with NYDFS, CFPB cases. Comerica under fire for handling of Direct Express program. Overdraft revenue down 50% from 2019. Rent...
Q1 2023 Review | Consumer Lending
by Cole Gottlieb | Jun 1, 2023
Hi all, Cole here! We come to you today with our quarterly consumer lending wrap up. Catch up on the latest trends emerging in the consumer lending space: we see credit tightening slowing origination volume, but helping delinquencies, and MPL’s new issue volumes...
Mortgage Rates Climb; Airbnb Teams with Klarna, Stripe; SoLo’s Consent Orders
by Cole Gottlieb | May 28, 2023
Happy Sunday and Memorial Day Weekend! Fed officials are divided on additional rate hikes. Mortgage rates climb. Citizens Bank settles with CFPB. More states propose EWA regulations. Rocket Mortgage debuts a 1% down payment option. Airbnb teams up with Klarna, Stripe....
Pagaya Earnings; Dems Defend CFPB; BAML Launches Fintech Accelerator
by Cole Gottlieb | May 21, 2023
Happy Sunday, Fed officials warn a long way to go on inflation. Consumer debt rises, with signs of stress emerging. Senators blame ‘fatal’ mismanagement for SVB, Signature failures. Fed’s Barr pushes for capital reforms. Dems urge Supreme Court to preserve CFPB...
PacWest Cuts Dividend; Revolut Execs Trash U.K.; Capital One Claps Back
by Cole Gottlieb | May 14, 2023
Happy Mother’s Day! Inflation eased in April but remains elevated. Concerns about commercial real estate grow. PacWest cuts its dividend. EBA Fund wants to scale microloans. Revolut execs trash U.K. regulators. Fed survey shows credit tightening. Slash emerges from...
FDIC Deposit Insurance Report; Greenwood Acquires Kinly; PacWest Teeters
by Cole Gottlieb | May 7, 2023
Happy Sunday, The Fed hikes again but signals a pause is possible. Job market data. Treasury announces buyback program. FDIC deposit insurance report recommends “targeted coverage” expansion. Apple users put nearly $1Bn in new savings accounts. Greenwood acquires...
FDIC Looks to Auction Off First Republic; Super.com’s Series C; Deposit Flows Normalizing
by Cole Gottlieb | Apr 30, 2023
Happy Sunday, Buckle up, we have a long one this week, as many companies reported earnings, new consumer credit data dropped, and another bank may be entering receivership. GDP growth slowed. TransUnion consumer credit data. CFPB data breach fallout. SBA may loosen...
Concern over FHLB Advances; Apple & Goldman Do Savings; SBA Finalizes 7(a) Update
by Cole Gottlieb | Apr 23, 2023
Happy Sunday, Consumers’ expectations of future price increases rose. Fed Governor says more tightening needed. Mortgage rates rose, apps for purchase dropped. SBA finalizes new rules for 7(a) program. Era of easy deposits is over. Concern over escalating FHLB use....
Chopra Talks Deposit Insurance; Bank Auditors Missed Red Flags; Visa+
by Cole Gottlieb | Apr 16, 2023
Happy Sunday, Overall inflation cooled, but core CPI remains elevated. Markets expect another 0.25 hike, but Fed officials are divided. IMF expects U.S. growth to slow. Chopra discusses deposit insurance in wake of bank crisis. Clear Street raises $270Mn. Auditors...
Sens. Want to Hold Fed Accountable; Sunlight Refis SVB Debt; FDIC Shops Signature’s Loans
by Cole Gottlieb | Apr 9, 2023
Happy Sunday, There are signs the job market is finally slowing. Senators from both parties want more Fed transparency. Frank founder faces civil, criminal charges in JPMC fraud case. Sunlight Financial picks Cross River for SVB debt refi. Acorns acquires GoHenry....