White Papers
June 21, 2016Many organizations now view compliance as an investment and not simply as a cost. These organizations realize that business and operational value can be derived by integrating compliance across the business and positioning it to contribute to business decisions and adapt to the changing business and regulatory environment. They are moving toward a transformation of compliance that allows the...
March 22, 2016In this research brief, Novantas presents current highlights from our ongoing Shopper Surveys of U.S. consumers. These surveys of recent and prospective primary checking account purchasers from the end of 2015 explore the profiles, attitudes, behaviors and trends of consumers who are shopping for and/or opening primary checking accounts. Combined with additional Novantas analysis, the surveys...
Community Reinvestment, Deposits & Payments, Fair & Responsible Banking, Financial Education, Mortgage and Home Equity, Small Business LendingFebruary 10, 2016Nearly eight years after the financial crisis, instances of misconduct across the spectrum of the industry continue to be reported in the press with troubling frequency. The coverage strikes an uncomfortable contrast with the intensity of effort the industry and the regulators have focused on reforming and remediating the weaknesses the crisis brought to light. Overall, this environment has...
December 17, 2015The Federal Reserve has just raised its benchmark Fed Funds rate by 25 bp — after seven long years at rock bottom. Overall, banks are breathing a huge sigh of relief, with the expectation of higher loan yields and revenue. But deposit gathering bankers must now face the reality of how to set deposit rates in response to rising interest rates — and in light of significant changes in regulation,...
December 7, 2015The complexities of the current regulatory environment undoubtedly pose significant challenges for financial institutions, as regulators continue to expect management to demonstrate robust oversight, compliance and risk management standards. Regulatory mandates, such as the Federal Reserve Board's Enhanced Prudential Standards Rule and the Office of the Comptroller of the Currency's Heightened...
November 6, 2015Small businesses have always had a harder time securing financing than their larger brethren, but these challenges have grown even worse in recent years.As economic conditions have improved, fledgling firms have been seeking additional capital to invest and expand. While demand for credit from this sector is growing, many banks are reluctant to provide them the financing they need. Regulations...
August 19, 2015Following a period of declining demand for consumer loans triggered by the 2007 mortgage-backed securities collapse, consumers are borrowing again. In 2014, total outstanding consumer loans grew five percent to $1.4 trillion led by auto loans, credit cards and home equity lines of credit.1 U.S. consumer credit rose at a seasonally adjusted annual rate of 5.6 percent through February 2015. This is...
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...
