Tag: credit


Demand for credit cards climbed this year

November 22, 2022

Via: Payments Dive

The last time the 12-month consumer application rate for credit cards was higher than in June of this year was in June 2019 when it reached 28.4%, according to the Fed’s data. In a slightly different measure of the credit […]

Capital and Risk, Credit

Regional banks say they can handle any looming credit hiccups

November 3, 2022

Via: American Banker

Regional banks are preparing for a looming economic downturn, but they don’t seem too concerned that their balance sheets will take a major hit. At an industry conference Thursday, executives at PNC Financial Services Group, Regions Financial and M&T Bank […]


Six U.S. Banks Investigated for Working With U.N. to Deny Credit to Fossil-Fuel-Involved Companies

October 20, 2022


Attorneys-general from 19 states are investigating six major American banks that have signed on to the United Nations’ Net-Zero Banking Alliance, pledging to achieve net-zero emissions in their lending and investment portfolios by 2050. The banks under investigation include Bank […]

Capital and Risk, Credit

North Dakota credit unions want their slice of the ‘resolution’ pie

September 9, 2022

Via: American Banker

The National Credit Union Administration continues to distribute recovered funds to credit unions across the country, but some in North Dakota believe they are being disregarded and deprived of more than $10 million. The NCUA Aug. 29 said it will […]

Capital and Risk, Credit

BofA, BMO push to close racial property ownership gap

August 31, 2022

Via: Banking Dive

Bank of America and BMO Harris are leaning into real estate aid with programs designed to close the racial property ownership gap. Bank of America launched two programs Tuesday — one to aid small-business owners and another aimed at future […]

Capital and Risk, Credit

Thomas J Powell- 13 Common Mistakes to Avoid When Applying for a Small Business Loan

May 2, 2022

Via: TechBullion

When you’re running a small business, there’s always a need for extra funding. Whether you’re looking to expand your operations or just cover some unexpected expenses, a small business loan can be a great option says Thomas J Powell. However, […]

Capital and Risk, Credit

Different Types of Credit You Should Know

April 26, 2022

Via: TechBullion

Credit is money you borrow and use to buy anything from groceries to a new home, assuming you’d repay the lender later, usually at a fee. It’s acquiring things in life when you lack the financial means. You’re spending money […]

Activity, Capital and Risk, Credit, Retail Banking

CFPB Review Discloses Deficiencies in Responses to Consumer Complaints at Big Three Credit Agencies

February 3, 2022

Via: JD Supra

The CFPB recently released a new analysis of how changes in responses to consumer complaints provided by nationwide consumer reporting companies has resulted in less consumer relief. This analysis shows that in 2021 the big three credit reporting companies together […]

Capital and Risk, Credit

How Long Does Bankruptcy Stay on Your Credit Report?

January 20, 2022

Via: TechBullion

Declaring bankruptcy is a never-to-be-forgotten lesson. The hustle involved when filling the bankruptcy petition and the long period it takes to clear the negative information from your credit history could make you think twice. The hard choice could result from […]

Capital and Risk, Credit

CFPB Report Finds Disparity in Number of Credit Report Disputes in Black and Hispanic Neighborhoods

November 22, 2021

Via: JD Supra

The CFPB recently released a report on Consumer Credit Disputes finding that consumers in majority Black and Hispanic neighborhoods had a disproportionally higher amount of disputes on their credit reports. The report indicates that this trend was across several credit […]

Capital and Risk, Credit

A Guide To Qualifying For Bad Credit Loans

October 22, 2021

Via: TechBullion

If you’re worried that you may not qualify for a loan, whether it’s due to either bad credit or a lack of credit history – don’t worry, you are not alone. If you have run up a few debts with […]

Capital and Risk, Credit

The Gap in the Three Lines of Credit Risk Management Defense

October 21, 2021

Via: Bank Director

I started my banking career in the credit management training program of a regional bank, where I later became the head of corporate banking. Subsequently, I became a chief credit officer and, ultimately, the CEO and board chairman of a […]


First Bancorp Reports Second Quarter Results

July 27, 2021

Via: PR Newswire

First Bancorp (NASDAQ – FBNC), the parent company of First Bank, announced today net income of $29.3 million, or $1.03 per diluted common share, for the three months ended June 30, 2021, an increase of 83.9% on a per share […]

Capital and Risk, Credit

ABA Credit Conditions Index: Business and Consumer Credit Markets to Experience Sustained Rebound

June 11, 2021

Via: American Bankers Association

The chief economists of North America’s largest banks expect a sustained rebound in both consumer and business credit market conditions over the next six months, according to the American Bankers Association’s latest Credit Conditions Index released today. The latest summary […]

Capital and Risk, Credit

A New Look at Problem Loan Management

April 15, 2021

Via: Bank Director

Not only did the coronavirus pandemic and economic contaction in 2020 change the way the banking industy identifies problem loans, it changed the way it approaches them. As 2020 unfolded, CLA continued to encourage institutions to evaluate policies and procedures, […]

Capital and Risk, Credit

Turn Credit Declines Into A Win-Win

March 25, 2021

Via: Bank Director

The pandemic has left millions of people needing credit at a time when lending standards are tightening. The result is a lose-lose situation: consumers receive a negative credit decline experience and financial institutions miss out on a lending opportunity. How […]

Activity, Capital and Risk, Credit, Insurance

Your Credit Could Be Why Your Car Insurance Is So High

February 8, 2021

Via: TheStreet

If you can’t afford to pay all your bills right now, the last thing you need is overpriced car insurance. But that’s exactly what can happen if your credit dips low enough (and you live in a state where insurers […]

Activity, Investment Banking

JPMorgan beats profit estimates on better-than-expected credit, record trading revenue

January 15, 2021


JPMorgan Chase on Friday beat analysts’ estimates for fourth-quarter profit on record trading results and a boost from releasing money previously set aside for loan losses. The bank posted earnings of $3.79 a share, exceeding the $2.62 per share estimate […]

Capital and Risk, Credit

Ripple introduces Line of Credit

October 8, 2020

Via: Finextra

Today, Ripple launched Line of Credit, a new beta service on RippleNet that allows customers using On-Demand Liquidity (ODL) to source capital on demand to initiate cross-border payments at scale using the digital asset XRP. Limited access to working capital […]

Capital and Risk, Credit

How to make sure your credit is strong before and during retirement

July 10, 2020

Via: Market Watch

Having good credit is something you want to aim for at all stages of life, but what some people don’t think about is how important credit is when you reach retirement. When you retire, you want to have as much […]