Following three years of pandemic-related disruptions, it’s likely no surprise that the collections industry is poised for even more change in 2023. Historically low levels of delinquency since Q2 2020 have been artificially supported [...]
It is clear that the most significant economic story of the past year has been high inflation, which has not only affected current economic activity but has also shaped the outlook for the foreseeable future. [...]
In my previous quarterly projections, I called for a recession to possibly begin as soon as the fourth quarter of this year (current quarter) and is more likely to occur in the first and second [...]
Over the near term (12-18 months), credit unions will need to pull out their recession management playbooks. However, because we do not see the forthcoming economic downturn being anything as severe as the Great Recession [...]
With a possible recession on the horizon, growth normalizing, continued supply chain issues, and a tight labor market, navigating the remainder of 2022 and 2023 will be tricky for small businesses. As SWBC’s Chief [...]
With a recession on the horizon, the landscape for financial institutions will become more difficult for the rest of 2022 and into 2023. Rising delinquencies, tighter margins driven by an inverted yield curve, and softening [...]
While there has been discussion for months about the possibility of recession late this year or early next, until early July, this was far from certain. However, recent higher inflation data and monetary policy action [...]
We experienced an interesting first quarter of 2022. Between recovering from further pandemic disruptions following the Omicron surge, Russia invading Ukraine and the West imposing harsh economic sanctions, historic rises in oil prices, inflation, and [...]
Without a doubt, we are seeing a deceleration in the U.S. economy as the economic recovery from COVID-19 is all but complete. The unemployment rate is basically at its pre-pandemic level at 3.6% [...]
With delinquencies expected to increase as the government stimulus has ended for consumers and financial institutions’ net interest margins continue to be squeezed, insurance products will become an increasingly important tool for financial institutions to [...]
With delinquencies expected to increase as government stimulus funds dry up, financial intuitions’ net interest margins will likely continue to be squeezed. As new car sales improve, 2022 should be a solid year for collateral [...]
What’s on the horizon for credit unions, lenders, and other financial institutions in 2022? Our experts weigh in with a product outlook for payments in the coming year. 2022 Payments Outlook The demand for [...]
In my latest white paper, I take a deep dive into current data to identify the following opportunities and concerns for banks, credit unions, and other lenders in 2022: Loan demand will continue to increase, [...]
