Jagdeep Dayal

The week’s Fed hike to 3.75%–4% is now rippling through credit: Freddie Mac’s 30-year mortgage rate pushed toward 7% and lenders braced for tighter discretionary financing. In banking, the regulatory and charter map stayed contested—fintech lender Enova abandoned a $369 million bank deal, and the FDIC moved to shield out-of-state lenders from state rate caps.