White Papers
July 27, 2015Following years of retrenchment, the home equity line of credit is finally showing signs of life. Line origination is expected to approach $80 billion among all U.S. lenders this year, nearly double the 2012 nadir. And balance growth is becoming more widespread as institutions shake off the recession detritus of non-performing loans. This does not mark a return to business as usual, however...
February 24, 2015Mass Affluents are growing in their importance to financial institutions. They’ve spent a lifetime working to build successful careers. Now that they’re reaching the age of retirement, they have money, and in some cases — significant amounts of investable assets. For financial institutions, this presents a tremendous opportunity. Mass Affluents generate 60-70 percent of retail banks’ total...
Community Reinvestment, Credit Card Disclosures, Fair & Responsible Banking, Small Business Lending, Small Dollar Lending, Student LendingJanuary 22, 2015Introduction Loan sales can significantly benefit banks and other financial institutions, whether these organizations want to bolster their income by buying portfolios or free themselves up to issue more credit by selling them. However, sellers will need to be familiar with the current compliance environment, which is intricate and constantly evolving. Sales that fail to address and successfully...
December 10, 2014Introduction Fraudsters continue to find increasingly sophisticated means to perpetrate crimes despite advances in technology and stricter regulations designed to reduce fraudulent behavior. Notably, the advent of digital technology and the anonymity it provides has contributed to the rise of the creation of fictitious credentials known as synthetic identities. Synthetic identity fraud is a...
August 5, 2014After years of hearing that the era of the “mobile wallet” has arrived, bankers have become weary of reports that are more hype than substance. While it’s true that an increasing number of consumers are using mobile devices to pay bills, each other and move money among their own accounts, mobile payments to merchants and retailers are still in the development stage due to market fragmentation,...
June 18, 2014With an unemployment rate of more than 13 percent and an average salary of $39,700 , financial institutions might be inclined to dismiss Gen Y, the demographic group also known as “Millennials.” They may be currently struggling, but Gen Y is still very optimistic about their financial future. Nearly 90% of those 18-34 believe they have enough money now or expect that they will in the future.You...
June 17, 2014Increased regulatory oversight and consumer protection laws have put considerable pressure on banks and financial services organizations. For many, the burden of meeting new regulatory requirements translates into higher processing and operational costs. In fact, a 2013 survey from Deloitte Consulting found that 65 percent of financial institutions reported an increase in the cost of compliance,...
