The hottest Consumer Finance Substack posts right now

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Top Links 1003 Credit card profits. Apple's margins. Skipping the grid. 18th-century war machines.

Chartbook • 543 implied HN points • 04 Feb 26
đź’° Finance Consumer Finance
  1. Market moves recently reveal who really makes money from credit cards in the US, highlighting which companies benefit from fees and interest.
  2. Apple’s profit margins are a focus, showing how much of its revenue turns into profit and why that matters for investors and competition.
  3. A curated mix of links covers topics from skipping the grid and modern infrastructure choices to 18th‑century war machines, often illustrated with striking images.

MoneyLion Pays $1.75M to Settle Military Lending Act Allegations

Fintech Business Weekly • 14 implied HN points • 30 Nov 25
đź’° Finance Consumer Finance
  1. U.S. banks showed stronger results in Q3 with higher net income, slightly wider net interest margins, lower credit loss provisions, and smaller unrealized losses on securities.
  2. MoneyLion will pay about $1.75 million and must change its practices after regulators found it violated the Military Lending Act by letting membership fees push covered borrowers’ rates above the 36% cap and by blocking cancellations and certain collections.
  3. Most banks are not prioritizing stablecoins or tokenized deposits — only a tiny number see issuing a stablecoin as a high priority, though there is modest interest in holding reserves or offering custodial services for third‑party issuers.

FTC Alleges Dave Deceived Users On Tips, Instant Fees, Advance Amounts

Fintech Business Weekly • 193 implied HN points • 17 Nov 24
đź’° Finance Consumer Finance
  1. The FTC has accused the fintech app Dave of misleading users about cash advances, fees, and subscription charges. They claimed many people were promised higher amounts than they could actually get and were not clearly informed about fees.
  2. The number of unbanked households in the U.S. has dropped to 4.2%, but there are still major differences across racial and ethnic groups. Black and Hispanic households remain much more likely to be unbanked than White households.
  3. During the Synapse bankruptcy, issues arose about how funds were managed and returned to users. A lot of users may face significant losses, and there’s a push for more transparency and accountability from banks involved.

Fed Stonewalls Synapse FOIA Request

Fintech Business Weekly • 44 implied HN points • 19 Jan 25
đź’° Finance Consumer Finance
  1. The Cash App recently settled legal issues, which included fines for not properly handling anti-money laundering rules. They also agreed to improve their security and support for users.
  2. The Consumer Financial Protection Bureau released a report on 'buy now, pay later' services, revealing that many loans are small but often lead users to take out multiple loans at once.
  3. There are ongoing concerns about transparency from banking regulators, especially regarding their responses to Freedom of Information Act requests, indicating a gap between what they promise and what they deliver.

Future of Goldman's "Platform Solutions" Looks Grim

Fintech Business Weekly • 170 implied HN points • 24 Sep 23
đź’° Finance Consumer Finance
  1. Eco shut down its banking app and laid off its team as it focuses on new money initiatives with cryptocurrency.
  2. Goldman Sachs is near selling GreenSky, indicating a bleak future for its "Platform Solutions" division.
  3. CFPB warns that lenders using AI must provide specific reasons for adverse actions and initiates rulemaking to remove medical debt from credit reports.
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