Much debate has emerged in recent years regarding the availability of credit to small businesses in the U.S. A number of advocacy groups have criticized large banks for chopping their lending volumes in the wake of the recession. Banks, on the other hand, maintain that demand has simply dwindled.The issue is particularly difficult to measure, consi...
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As tumultuous of year as 2011 was, it could not have been better for credit unions and small banks. A general trend toward community financial institutions emerged this year, but the shift was stoked even more by rising discontent with major banks and the slew of fees they attempted to impose on customers.According to the American Customer Satisfac...
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In the wake of the 2008 financial collapse, and the ensuing plague of fiscal crises and credit crunches, organizations both large and small have begun adopting enhanced consumer credit risk management policies.A study released this week by AOTMP assessed how various industries are working to mitigate risk. It also addresses topics like infrast...
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Consumers have been reining in debt this year, likely in response to swelling economic uncertainty, including high unemployment, stagnant wage growth and fiscal debt crises. While such a trend bodes well for personal finances, it indicates poor consumer confidence.This week, advocate group CreditKarma.com released the U.S. Credit Score Climate Repo...
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In light of recent financial crises and excessive risk-taking that led to the collapse of global markets, governments can be expected to draw up new regulations for banks and finance companies in 2012.ICS Risk Advisors released a report this week highlighting key areas where economic growth may be stalled.On the one hand, analysts cited the housing...
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