New Poll Finds Consumers Focused on Security and Identity Fraud Protection When Choosing Banks

by Ken Chase | Aug 26, 2022 | Banks, Market

By: Ken Chase. Estimated reading time: 2 minutes A new survey from Verint found that consumers are increasingly focused on the security of their personal information when choosing a new bank. The poll contacted 5,000 customers of the nation’s twenty largest banks and...

JD Power Study Finds Decline in Credit Card Spending

by Ken Chase | Aug 22, 2022 | Banks, Market

By: Ken Chase. Estimated reading time: 2 minutes In its most recent U.S. Credit Card Satisfaction Study, J.D. Power found that the overall share of U.S. consumer credit card spending declined significantly. In a press release announcing the release of the study, the...

CFPB Circular Emphasizes Banks’ Responsibility to Protect Customer Data

by Ken Chase | Aug 22, 2022 | Banks, Market

By: Ken Chase. Estimated reading time: 3 minutes In a new circular published this week, the Consumer Financial Protection Bureau outlined financial companies’ responsibility to protect their customers’ personal and financial data. In a move that analysts viewed as a...

FDIC Announces Increased Focus on Lenders’ Commercial Real Estate Loans

by Ken Chase | Aug 13, 2022 | Banks, Market

Estimated reading time: 2 minutes The Federal Deposit Insurance Corp. (FDIC) announced last week that its next test cycle will expand scrutiny old bank-held commercial real estate loans. In a report revealing the increased focus, the FDIC cited macroeconomic...

Amid Wall Street Turbulence, Johnson Associates Forecasts Job Losses and Bonus Reductions for Financial Industry

by Ken Chase | Aug 9, 2022 | Banks, Market

By: Ken Chase. Estimated reading time: 2 minutes In a new report released on August 4, compensation consultancy firm Johnson Associates predicted potential job losses and bonus reductions for the financial industry in the immediate future. The report cited the recent...

Goldman Sachs Reveals CFPB Investigation Into Firm’s Credit Card Practices

by Ken Chase | Aug 9, 2022 | Banks, Market

By: Ken Chase. Estimated reading time: 2 minutes Goldman Sachs has revealed that the Consumer Financial Protection Bureau (CFPB) is currently investigating the company’s credit card practices. The firm disclosed the news in a regulatory filing on August 4, noting that...