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Previous Newsletters
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....
Barr, Gruenberg Testify; Fed Details Custodia Denial; Apple Pay Later Launches
by Cole Gottlieb | Apr 2, 2023
Happy Sunday, GDP grew by 2.6% in Q4. Unemployment claims tick up. Bank regulators testify, hint at possible reforms in wake of bank crisis. Fed details why it turned down Custodia. European banks face tax dodge fallout. First Citizens acquires most of failed SVB....
Inflation Expectations Drop; Banks Tap FHLB, BTFP; UBS Acquires Credit Suisse
by Cole Gottlieb | Mar 26, 2023
Happy Sunday, Despite bank turmoil, Fed still hikes 25 bps. TransUnion Credit data. Inflation expectations drop. Home prices fall. Banks tap FHLB, BTFP for liquidity. U.S. evaluates emergency deposit insurance measures. FDIC extended deadline for SVB bids. NYCB...
Inflation Cools; SVB & Signature Fallout; Apexx Raises $25Mn Series B
by Cole Gottlieb | Mar 19, 2023
Happy Sunday, Headline inflation cooled somewhat, but housing prices are keeping core CPI high. Consumer spending fell. Markets expect the Fed will hike rates by 25 bps next week – but predict they’ll drop by year’s end. Regulators, politicians scramble, have...
Silvergate, SVB Shutdowns; Bond Yield Inversion Widens; Banks Fight for Deposits
by Cole Gottlieb | Mar 12, 2023
Happy Sunday, Could rates go above 6%? Mortgage apps hit 28-year low. Bond yield inversion widens. Banks fight for deposits. Senators push regulators on Zelle fraud. SoFi sues to stop student loan payment pause. Varo raising $50Mn downround. Droit’s $23Mn Series B....
Supreme Court to Hear CFPB Case; Labor Market Cooling; Klarna’s Losses Grow
by Cole Gottlieb | Mar 5, 2023
Happy Sunday, Fed warns 2% inflation target may not be achieved until 2025. More auto owners have negative equity. Some signs labor market cooling. Supreme Court will hear CFPB case. Goldman may shrink consumer business. Klarna’s losses widen. LendingTree teams with...
Q4 2022 Review | Consumer Lending
by Cole Gottlieb | Feb 28, 2023
Hi All! We come to you today with our quarterly consumer lending wrap. As the Fed continues to battle persistent inflation with rate hikes, catch up on the latest trends we see emerging in the consumer lending space: fintech lenders and banks reduce risk, and the...
Mortgage Apps Hit 25-Year Low; Credit Card Reporting Practices; Banks Pay Up for Deposits
by Cole Gottlieb | Feb 26, 2023
Happy Sunday, More rate hikes on the horizon. Housing continues to cool. Consumers’ spending habits shift as interest rates, inflation continue to bite. Younger borrowers falling behind on debt. Custodia still wants its Fed master account. CFPB sets sights on card...
U.S. Retail Sales; Oportun Earnings Preview; ModernFi Raises $4.5Mn
by Cole Gottlieb | Feb 19, 2023
Happy Sunday, U.S. retail sales rose sharply in January. Some Fed officials are floating the idea that rates may need to go even higher – and the bond markets seem to agree. President Biden will appoint current Fed Vice Chair Lael Brainard as his top economic advisor;...
Biden Calls For “Junk Fee” Crackdown; Housing Market Thaws; Treasury Prime Raises
by Cole Gottlieb | Feb 12, 2023
Happy Super Bowl Sunday, Strong employment numbers could mean higher rates for longer. Housing market thaws. Biden calls for “junk fee” crackdown. Banks push back on credit card late fee cap. Treasury Prime raises Series C. Blip Labs raises $2.1Mn for embedded bill...