Cross River Intelligence Archives

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 raises $5Mn for cash flow underwriting. Flourish secures $350Mn for responsible fintech investing. Marqeta launches credit card issu ...

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 Ridge retreats from BaaS. New here? Subscribe here to get our newsletter each Sunday. For even more updates, follow us on Li ...

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. Synapse’s mass layoffs. Braid calls it quits. JPMC’s Tokenized Collateral Network. New here? Subsc ...

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. Wagestream acquires credit card startup. New here? Subscribe here to get our newsletter each Sunday. For even more updates, fol ...

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 deposit use surges. Curve extends Series C by £58Mn. Debt management startup Bright Money raises $12Mn in equity. Fed analyst ...