Cross River Intelligence Archives

Happy Holidays! More auto borrowers are underwater. Forty percent of federal student loan borrowers still not making payments. U.S. Bank consent order. Student banking and overdraft reports. Consumers using BNPL to avoid hit to credit reports. Commercial real estate troubles persist. Mercury files suit against Synapse. TransUnion data. New here? Subscribe here to get our newsletter each Sun ...

Happy Sunday, The Fed held rates steady. Inflation cools slightly. Canopy raises $15.2Mn. Canapi Ventures scores $750Mn for new fintech-focused fund. SumUp announces €285Mn haul. Apex clearing looks to IPO in 2024. Amazon and Venmo call it quits. Stretched holiday shoppers turn to BNPL. Upgrade announces secured card offering. Trustly fuels RTP network adoption. If you missed our Q3 co ...

Hi all, Cole here! We come to you today with our quarterly consumer lending review. Catch up on the latest trends emerging in the consumer lending space: personal loan vs. auto/bankcard loan trends, takeaways from individual company earnings, and an increase in MPL new issue volume. New here? Subscribe here to receive our newsletter each Sunday. For even more updates, follow/connect with me ...

Happy Sunday, Hiring has slowed and job openings declined, in a welcome sign for Fed policy makers. The OCC released an advisory bulletin for banks offering BNPL. The House voted to nullify the CFPB’s small business data collection rule. Collections startup January raised $12Mn. Treasury Prime and Effectiv partner. AI may be able to help banks more intelligently de-risk. Klarna chooses A ...

Happy Sunday, Consumers shelled out for gifts over Black Friday/Cyber Monday (and used BNPL to do it). Conventional wisdom increasingly says the rate hike cycle may be over. Consumer confidence stabilized. First Fed Bank’s FDIC consent order. Mozaic raises $20Mn for splitting creator payouts. Credit unions and merchants pilot rewards program. Apple and Goldman’s breakup. TransUnion ...