Apr 12, 2019 | Banks & Credit Unions, News, Online Lending
← Previous Article Next Article → The American Bankers Association (ABA) released new data yesterday covering loan delinquencies. Most closed-end loans saw a fall in delinquencies in the fourth quarter of 2018 while most open-ended loans saw a small...
Apr 11, 2019 | Banks & Credit Unions, News, Tribal Sovereignty
← Previous Article Next Article → Native credit unions, especially those that are certified as community development financial institutions (CDFIs), “offer the broadest array of products and services focused on the individual needs of low-income and...
Apr 9, 2019 | Banks & Credit Unions, News, Online Lending
← Previous Article Next Article → Banking deserts may not be as big of a problem as typically reported, according to a new study by the Bank Policy Institute (BPI). “Our results indicate that almost every statement made thus far about banking deserts and on...
Mar 8, 2019 | Banks & Credit Unions, News, Tribal Sovereignty
← Previous Article Next Article → The Tax Cuts and Jobs Act of 2017 introduced a new term to the tax code called Opportunity Zones. These are defined as an “economically-distressed community where new investments, under certain conditions, may be eligible...
Mar 7, 2019 | Banks & Credit Unions, FinTech, News
← Previous Article Next Article → According to a recent report by TransUnion, personal loan balances reached a record $138 billion in 2018. The growth in personal loans was led by fintech firms, which made more personal loans than banks, credit unions, and...
Feb 22, 2019 | Banks & Credit Unions, News
← Previous Article Next Article → Banks made more profits in 2018 than ever before in recorded history. According to recently released data from the Federal Deposit Insurance Corporation (FDIC), banks made more than $236.7 billion in 2018, which is 44.1...
