In a 2019 National Association for Business Economics survey of economists, 72% of respondents predicted a recession would occur by the end of 2021. More than half said they think one will strike before 2020 [...]
There’s a Chinese proverb that says, “The best time to plant a tree was 20 years ago. The second best time is now.” That couldn’t be more true than in the case of [...]
You have probably heard these questions before: ‘Why do I need life insurance?’ ‘How much is this going to cost?’ ‘What is the difference anyway?’ ‘That will probably never happen to me.’ According to a [...]
Total losses resulting from auto accidents have been steadily rising over the past few years due to economic variations and market changes. Improved employment, inexpensive gas prices and mobile lifestyles have led to people driving [...]
On July 24, 2019 the NCUA finalized a rule amending its regulations regarding fidelity bonds (Parts 704 for corporate credit unions and 713 for natural person credit unions). These rule changes were effective on October [...]
2020 is here, offering both a new year and the start of a new decade. But in order to look ahead, it’s also important to reflect back. In 2019, the auto finance industry experienced [...]
On a recent episode of NAFCU’s "The CU Lab," Allied’s own Jarrett Settles (National Sales Consultant | Technology, Lending, and Deposit Growth) got together with two other industry experts – Will Sneed, Director of Lender [...]
Borrowers today are educated and technologically savvy. They know what they want, and they want it now! Thanks to technological advancements, financial institutions are often no longer the first stop for consumers with financial needs. [...]
Review two checklists produced by industry experts that provide actionable steps for addressing heightened online, mobile, and in-person fraud activity that occurs during the purchase-heavy holiday season: Checklist #1: Financial Institution Holiday Scam Prevention with [...]
Financial intuitions around the country are reporting phishing attacks on accountholders where criminals are posing as a fraud team representative from the institution. These attacks have resulted in as much as $10,000 in losses [...]
All consumers have an opinion about the role a financial institutionshould have in their day to day lives. According to Kasasa’s latest consumer study1, younger adults appear to care less about whether their account [...]
The United States is no stranger to hurricanes. Hurricanes Barry and Dorian struck several months ago, Hurricanes Michael and Florence hit hard in 2018, and Hurricanes Harvey, Irma, and Maria brought devastation in 2017. In [...]
Does your lending institution have real estate-owned (REO) properties in colder climates? Frozen or burst pipes often cause water and mold damage, which are not covered under most property & casualty or lender placed hazard [...]
Particularly in the consumer finance market—personal loan, insurance, and credit products have a staying power, but there is a need to remind consumers how these products can benefit them. In order to reach and [...]
Home lending has become increasingly more difficult in today’s evolving marketplace. The main factors driving these lending challenges include: 1. Evolving competition 2. Shifting consumer demographics 3. Increasing loan rates While market disruption and [...]
