Greetings, Inflation cools, but wage gains continue to pressure prices. Concerns mount on CRA updates. FDIC to scrutinize banks’ commercial real estate loans. Truework raises $50Mn. Caution on subprime debt grows. New here? Subscribe here to get our newsletter each Sunday. Inflation Cools, Slightly There was some relief in last…

Greetings, Rates likely need to stay higher for longer. Americans turning to dollar stores. Ford seeks ILC charter. Congress on overdraft, swipe fee bills. Parafin raises $60Mn for embedded lending. BNPL rewards. Late payments rise. Equifax score errors. New here? Subscribe here to get our newsletter each Sunday. Higher Rates…

Greetings, Fed raises rates another 0.75%. Coinbase under investigation for unregistered securities. Kraken may have violated Iran sanctions. Mahalo Banking raises $20Mn. Wealth management loans grow. Credit union sues Apple. Shopify trims workforce. In case you missed it, we released a special edition of our newsletter this past Thursday: summarizing…

Greetings, Interest rates continue to climb, and home price increases slow. CFPB pushes banks on Zelle fraud. X1 card raises $25Mn. WebBank commits $250Mn to Avant facility. Mastercard expands startup programs. Affirm partners with SeatGeek. Lenders deploy “fairness-as-a-service.” Industry participant outlook in Vegas this week at SFVegas 2022 was tempered…

Greetings, Despite continued negative economic news, unemployment remains low. Commodity prices fall. Another 75 bps rate hike in the works? CFPB terminates Payactiv sandbox approval. Fed seeks new regional presidents. Tax startup April raises $30Mn. Commercial depositors want higher rates. Klarna valuation sinks lower. Openpay exits the U.S. …

Greetings, The Fed’s focus is on getting inflation under control, even if that risks a recession. Zelle class-action suit dismissed. FTC sues Walmart over money transfer fraud. EWA platform Tapcheck raises $20Mn. Goldman leading group that may buy Celsius’ assets. FTX and BlockFi announce deal, with option to acquire. NerdWallet…

Greetings, Fed Chair Powell testifies. Home prices hit a record. Gas tax holiday on the table. FDIC proposes raising insurance assessments. Cleo raises $80Mn. Auto loan delinquencies on the rise. Circle keeps hiring. Klarna valuation could fall by two-thirds. BlockFi secures $250Mn credit line. New here? Subscribe here to get…

Greetings, The Fed raises rates by 0.75%. Officials acknowledge unemployment may rise. Abra partners with Amex on crypto card. Crypto lender Celsius freezes withdrawals. Coinbase and BlockFi do layoffs. Chase leverages data advantage. TD gives customers more repayment options. Affirm partners with Agoda. PayPal expands Pay Later options. New here…

Greetings, Inflation is expected to moderate but remain elevated. Q2 GDP estimates weaken. Consumer credit surges. A bipartisan crypto bill gains steam. Custodia sues over Fed account access. Proper raises $4.3Mn. Apple enters the BNPL wars. Checkout.com to facilitate stablecoin payments. PayPal lets users send and receive crypto. …