Evergreen class action lawsuits are bringing increased attention to ancillary product refunds (such as GAP, Tire & Wheel, AD&D etc.) due when they no longer provide a benefit to the consumer. These lawsuits [...]
We live in a very fast and digitally dominated world - welcome to the Experience Age. The faster and easier we can get anything, the faster and easier we want EVERYTHING. Missed your favorite show [...]
What is it about generational banking that creates such a buzz? Some may weigh in on the challenges presented by the polarization of respective expectations. While others see clear and present opportunity for diversification. Each [...]
During this time of “are we or are we not in a recession,” banks and credit unions should be focusing on actions that can generate revenue and mitigate potential risks. It’s the job of [...]
If you missed the webinar on Ensuring an Audit-Worthy Repossession Process, let’s get you caught up with some highlights until you can catch the recording for yourself. Ongoing recovery and repossession challenges along with [...]
The global supply chain has seen massive changes over the years. Advancements in technology changed business operations with respect to logistics and supply chain management including distribution, inventory management, and data collection. From rudimentary preindustrial [...]
Residential real estate lending is a core focus for many financial institutions and has recently peaked in origination volumes over the last five years. And like many industries over the years, it has seen its [...]
There’s a long history of trade in both goods and currency alike, but these exchanges have taken on many forms over time. The invention of currency allowed people to trade goods and services without [...]
2022 has already seen a steep rise of fraud, and it’s not decreasing. As digital, touchless payments and person-to-person payment apps grow in popularity, so does the fraud in these areas. In fact, 53% [...]
During the pandemic, delinquencies were low due to mandated deferrals and accommodation programs. These programs paused debt recovery efforts, but as forbearance and forgiveness expire, credit unions are seeking to mitigate portfolio risk with optimized [...]
When a transaction exceeds the amount in the consumer’s account, financial institutions can allow the transaction to go through for a fee, called an overdraft fee. This is also often referred to as a [...]
Strategic planning requires the right insights. But that’s easier said than done, especially as you start evaluating analytics solutions available in the market. So many solutions promise to be the single answer to your [...]
In today’s economy, the efficiency of recovery efforts is affected by many factors—from compliance and regulatory changes to consumer trends and lending preferences. Specifically, impacts of the pandemic, such as the increase in [...]
Maintaining strong, enforceable internal controls is a priority for many organizations, regardless of their size. For financial institutions, it’s imperative that risk mitigation remain at the forefront. Credit, liquidity, asset-backed, foreign investment, equity, and [...]
Let’s be blunt, talking cannabis business and banking is still often perceived as taboo by many but it should be far from off limits when considering risk amongst financial institutions. Part of the uncertainty [...]
