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 | Aug 27, 2023 | Blog
Happy Sunday, Fed officials’ expectations for future interest rates diverge. Mortgage purchase apps hit lowest level since ‘95. Cars are increasingly unaffordable. CFPB sues division of CURO on loan “churning.” Ramp raises $300Mn. Coinbase acquires minority stake in...
by Cole Gottlieb | Jun 25, 2023 | Blog
Happy Sunday, Fed Chair Powell warns more hikes are coming. Bank economists remain downbeat on credit conditions. FDIC issues more cease and desist orders over deposit insurance claims. CFPB seeks to supervise big tech. Fintechs still raising funds. Crypto grab bag....
by Cole Gottlieb | Jun 18, 2023 | Blog
Happy Sunday, Inflation cools. Fed pauses on rate hikes. Renters get a break. CFPB pushes ahead with open banking rules. FIS acquires BaaS platform Bond. Lower credit card late fees are no free lunch. PayPal SMB lending fills bank branch gap. Pagaya announces seventh...