by Cole Gottlieb | Sep 18, 2022 | Blog
Happy Sunday, Markets drop on unpleasant inflation report. Goldman’s subprime problem. Credit card rates hit 26-year high. JPMorgan acquires cloud-based payments switch Renovite. Fitch acquires majority stake in dv01. Walmart readies checking account. New here?...
by Cole Gottlieb | Sep 11, 2022 | Blog
Greetings, As prices rise, more Americans are eating at home. Markets anticipate another 0.75 rate hike later this month. Fed officials insist higher rates will beat back inflation. Regulatory scrutiny of bank/fintech partnerships heats up. CreditKarma fined on...
by Cole Gottlieb | Sep 4, 2022 | Blog
Happy Labor Day Weekend, Job growth slows, but wage growth is elevated. Rates likely to stay higher for longer. FedNow is (finally) getting ready to roll out. Auto lending slows. Klarna losses quadruple. Banks’ tech spending finally paying off? Average overdraft fee...
by Cole Gottlieb | Aug 28, 2022 | Blog
Happy Sunday, Biden rolls out student loan forgiveness plan. Time is running out for Rep. Maloney’s Overdraft Protection Act. Showdown over P2P fraud liability. Banks push back on increase in FDIC assessment. Ramp launches invoice financing. Nonbank lenders seek...
by Cole Gottlieb | Aug 23, 2022 | Blog
Hello everyone! We come to you today with our quarterly consumer lending wrap. Continued inflationary pressures, recession worries, and the Fed’s ongoing hikes have created turbulent times for lenders. Catch up on the latest trends we see emerging in the consumer...
by Cole Gottlieb | Aug 21, 2022 | Blog
Happy Sunday! Consumer spending was flat, but shoppers are cutting back on non-essential purchases. The Fed finalized master account guidance. A neobank for SaaS companies? Central Payments lands $30Mn. Affirm CEO says its underwriting is ready for a recession. PNC...
