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Posts tagged with "lending"

01/30/2019

Should you be doing something with reference rates?

Just a few short years ago, banking experts encouraged community banks to tie variable rate loans to LIBOR. They said the switch would help smaller banks compete with big banks, while reducing their basis risk, operational overhead, and more. Now with LIBOR facing its probable demise in 2021, many of these same experts are encouraging…

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12/20/2018

DX19: Equipping FS marketers to lead the industry

At Deluxe Exchange 2019, held Feb. 4-6 in Miami, you’ll glean wisdom and insights from global visionaries, access targeted sessions that address your most pressing pain points, form significant connections with financial industry peers, and experience new product demos that will impact the way you approach business. At DX19, you’ll spend nearly two full days…

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08/29/2018

Move over LIBOR. SOFR is gaining momentum.

Although the Federal Reserve Bank of New York has been publishing the Secured Overnight Financing Rate (SOFR) since April 3, 2018, SOFR’s popularity seems to be gaining momentum as of late. On August 15, 2018 a headline in Bloomberg read, “New U.S. Overnight Rate Moves Out of LIBOR’s Shadow.” The article outlined major debt issues…

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09/20/2017

Lending in Rising Rate Environment: A Look at HELOCs

Of course, there’s no such thing as free money, but the historically low-interest rates of the past few years have been about as close as most consumers will ever get to the concept. Those low rates meant many consumers decided it was worth a few bucks in closing costs to refinance their higher-rate variable or…

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08/15/2017

Nurturing Near-prime Customers to Evolve into Prime Ones

Retail establishments routinely fight to win over the best customers. Those with expendable funds and/or a willingness to use credit to buy products from them. While it’s challenging, those that build the right customer experience have found loyalty in a very price conscious market. Companies like Amazon, Overstock.com, Target, and even Best Buy now have…

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01/25/2017

How Community Banks Can Up Their Lending Game Against Marketplace Lenders

While finding a niche market can be a revenue boon for a small bank, consumer lending has long been the bread and butter of most community banks. Selling mortgages, auto loans, credit cards and other consumer products is a natural fit for smaller financial institutions that emphasize the importance of personalized bank-customer relationships in a…

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07/07/2016

The Investor Call that Sent Ripples through the Alternative Lending Industry

It’s easy to get overwhelmed and think that everything is happening at once. Sometimes, though, it’s true, everything is happening all at once! The Alternative Lending industry will definitely look back at May 2016 as one of those periods when everything happened at once – where big parts of the way businesses work were altered…

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