Lending & Credit

Fintech newsletters covering Lending & Credit this week gave significant attention to bank strategy and risk in traditional lending. American Banker Fintech examined how Chase, BofA, and Wells are luring borrowers in a 7% market, alongside pieces on how more BNPL usage is increasing risk for banks, how small biz fintechs feel the pinch beyond just Fed pressures, and a New Jersey bank's losses set to mushroom as loan cleanup accelerates.

Crypto-backed lending also featured prominently. Stack and Story reported that Coinbase locks in rates on BTC-backed loans, while Bankless covered the same development in more detail, noting Coinbase's rollout of fixed-rate Bitcoin loans via Morpho Midnight.

Fintech Futures published the most items in this category, covering 365 Finance strengthening its credit risk approach with the hire of George Visser as CRO, Dtcpay completing a $25m Series A with SBI Group backing, Avant applying for a US national bank charter to expand its lending platform, and the former Funding Circle US CEO debuting a new company called Moxie Money.

Other newsletters touched on underwriting innovation and consolidated industry roundups. Linas's Newsletter covered Affirm's new AI underwriting model working best on borrowers with no FICO score, alongside a separate item on Apple and Google hiring for stablecoins from opposite ends of the payments stack. Fintech Radar's issue #176 rounded up several lending developments, including Grab buying its way into lending, Ramp setting up shop in the UK, and Enova walking away from its charter.