Baby Boomer Wallets are Exploding: Over $320,000 in Average Assets per Household

Which generation controls over 46% of all U.S. invested assets? You guessed it: Baby Boomers. Boomers, born 1946-1964, have benefited hugely from the rising stock market. In fact, at almost $320,000, their average assets per Baby Boomer household has increased over $85,000 in the last five years and is over 24% higher than the mean [Read More…]

Webinar On Demand: Q3 Economic and Credit Trends from Equifax

Make more informed decisions with economic and consumer credit insights from Equifax   Insights that Drive Strategic Growth Equifax has published the latest in our quarterly webinar series aimed at helping you make more informed decisions, with economic and consumer credit trends from across the U.S. Listen now as Chief Economist Amy Crews Cutts and [Read More…]

Can Advanced Analytics Improve Your Acquisition Strategy? Three Things You Need to Know

Financial services professionals already understand how using data and analytics can significantly improve the efficiency of customer acquisition. As the foundation of your acquisition campaigns, you most likely use internal data to create profiles of your best customers. But what may be missing from your strategy is the key to unlocking insights that can help [Read More…]

Credit through the Ages: Where it all Began

Exploding volumes of data and staggering advances in analytics and technology provide financial institutions with limitless opportunities to assess and predict consumer financial behavior. This insight is then used to inform credit decisioning, acquisition and account management strategies. But where did it all begin? Just where did the concept of credit get its start? View [Read More…]

Facial Matching Offers More Stepped-Up Identity Authentication

As fraudulent attempts increase during account openings and applicants grow less patient with invasive anti-fraud techniques, organizations must find a balance by using various combinations of tools based on the risk each scenario presents. Depending on results of early, frictionless assessments, an organization can use a risk-based platform to determine which additional fraud prevention technique [Read More…]

Three Keys to Keeping Your Financial Services Organization Ahead of Changing Customer Behavior

For financial services organizations, competition from nontraditional market players is eating into revenue. According to PricewaterhouseCoopers, financial institutions face losing 24 percent of revenue to these competitors in the next three to five years. As they grapple with a low-growth, low-margin, highly-regulated environment, financial institutions must be able to tap into new sources of revenue [Read More…]

Military Lending Act – Credit Card Compliance

In 2006, Congress passed the Military Lending Act (MLA) to help protect active duty service members and their dependents from predatory lending. In 2015, the Department of Defense (DOD) issued a final rule amending the MLA to cover a wider range of credit products impacting traditional creditors like banks and credit unions. The DoD’s Final [Read More…]

Register Now: Q3 U.S. Economic and Credit Trends Outlook Webinar from Equifax

Make more informed decisions with economic and consumer credit insights from Equifax   Insights that Drive Strategic Growth It’s almost time for the Q3 U.S. Economic and Credit Trends Outlook from Equifax. This quarterly webinar series is aimed at helping you make more informed decisions, with economic and consumer credit trends from across the U.S. [Read More…]