by Cole Gottlieb | Nov 5, 2023 | Blog
Happy Sunday, Fed holds rates steady. Job market exceeds expectations. Most Americans get 3% or less on savings. Borrowers struggle to keep up with card payments. Charlie raises $16Mn Series A. Monzo in talks for fresh funding as it eyes IPO. BNPL Zilch scores eBay...
by Cole Gottlieb | Oct 29, 2023 | Blog
Happy Sunday, Economic growth remains higher than expected. Auto borrower delinquencies rise. Treasury yields exceed 5%. TransUnion credit data. Metropolitan hit with $30Mn in penalties for compliance failures. Regulators release finalized CRA rule updates. Prism...
by Cole Gottlieb | Oct 22, 2023 | Blog
Happy Sunday, Despite higher rates and reduced demand, home prices stay high on tight supply. American consumers are still spending liberally. Fed may move to cut some debit swipe fees. Stash raises $40Mn. Nova Credit raises $45Mn. Goldman finally sells GreenSky. Blue...
by Cole Gottlieb | Oct 15, 2023 | Blog
Happy Sunday, Rising Treasury yields may mean Fed doesn’t need to raise rates. FDIC proposes governance guidelines for banks over $10Bn. CFPB warns of payment market consolidation and continues war on “junk fees.” Credit unions see delinquencies, charge-offs rise....
by Cole Gottlieb | Oct 8, 2023 | Blog
Happy Sunday, U.S. payroll growth slows. Bond selloff drives up borrowing costs. Oral arguments on CFPB’s future. Supreme Court agrees to hear interchange case. Good news, bad news for Revolut. Discover agrees to FDIC consent order. Experian launches neobank....
by Cole Gottlieb | Oct 1, 2023 | Blog
Happy Sunday, Kashkari expects one more hike. Higher rates starting to bite for borrowers. Consumer confidence hits four-month low. Despite hopes of a soft landing, creditors need to keep an eye on rising losses. System-wide deposits drop year over year. Brokered...