Banks Could See Opportunity in HELOCs, Report Finds
Home equity lines of credit could be a major opportunity for lenders in coming years because many homeowners simply don’t know what they are.
Survey Shows Lenders Making Progress on CECL Transition, But Not Fast Enough
With nine months left to implementation, only 14 percent of SEC registrants are currently running parallel loan loss allowance models under the new current expected credit loss accounting method, while 3 percent of SEC registrants acknowledge they have not yet begun CECL preparations at all.
One-Third of Teens Don’t Think They Will Be Financially Independent by Age 30
A new national survey by Junior Achievement USA and Citizens Bank shows that more than 30 percent of teens do not believe they will be financially independent of their parents by the age of 30.
Refinancing Activity Soars as Mortgage Rates Decline
Mortgage applications and refinancing activity soared at the end of March as mortgage rates continued to fall, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending March 29, 2019.
Wallethub: 40 Million Americans Expect to Miss Credit Card Payments in 2019
Forty million Americans expect to miss a credit card payment this year.
Government Shutdown Slowing Small Business Loan Application Rates
The government shutdown appears to be dulling loan application approval rates at small financial institutions.
Survey: Banks, CUs Less Concerned About Regulation Than Last Year
U.S. credit unions and banks are feeling better about managing their risk and regulatory compliance obligations than they did last year.
Survey: Small Businesses Expect Healthy Finish to 2018
Most small businesses in the Boston area expect to finish the year on a high note.
Survey: Americans Have Favorable View of Online and Mobile Banking
A high majority of Americans are very pleased with their mobile banking experiences.
Survey: Big Bank Reputations Decline for First Time in Five Years
The reputations of banks are down for the first time in five years.
Risk Management Becomes More Prominent in Bank Culture
Regulatory compliance remains a driving force in risk management and risk management is becoming more prominent in bank culture, a new survey has found.
Survey: Banks Missing Opportunity to Connect with Retail Customers
Close to 80 percent of retail bank customers want financial advice from their banks, but only 28 percent of retail bank customers say they are actually getting it, according to a new survey from J.D. Power.
Survey: Online Checking Accounts Offer Better Rates and Lower Fees
The average online checking account costs 47 percent less than its branch-based counterpart, while the average online savings account pays 457 percent more interest than the branch alternative, according to WalletHub’s latest Banking Landscape Report.
Survey: Americans Frustrated with Digital Banking Experience
More than two-thirds of participants in a recent study said they were frustrated with their digital banking experience, and are prepared to walk away from their current financial institution if a better digital experience should present itself.
Survey: Most US Smartphone Users Have at Least One Financial App
Nearly two-thirds of all smartphone users in the U.S. have at least one financial app.
Survey: Community Banks View MA Market Favorably, But Better In Major Cities
In general, community bankers view the Massachusetts market as favorable, although it is clear that those closer to major cities in the market are doing much better than those in rural areas or Gateway Cities.
CUs Worried About Another Equifax-Type Hack
According to a recent survey on cybersecurity conducted by the National Association of Federally-Insured Credit Unions, 63 percent of respondents indicated they are “very concerned” about another Equifax-type data breach.
Survey: More Than 40 Percent Of US Consumers Struggling To Pay Bills
A recent survey by the Consumer Financial Protection Bureau (CFPB) shows that more than 40 percent of U.S. citizens are struggling to pay their bills.
Survey: US Mobile Bankers Pleased With Bank Apps
Banks may not be perfect, but one they product they seemed to have nailed down is the mobile application.
How Much Does The Public Know About The Fed?
Many Americans do not know the last time the Federal Reserve raised interest rates, and nearly two-thirds of the country think the Fed needs improvement.
