In this week’s PeerIQ Industry Update they cover the increasing likelihood of a recession as forecasts show a 33 percent chance of a recession; rate cuts might be around the corner and that move could be beneficial to online lenders who rely on spreads; there was news that PayPal and Google were exploring the OCC fintech charter but both companies decided against it; Fintech firms Tally, $50mn series c round, and ZeroDown, a closed financing round, raised fresh rounds of capital; Equifax teamed up with non-profit Fintech Sandbox to encourage innovation, Equifax has been pushing greater into fintech over the last few years. Source.
