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US Bankcards Industry Benchmarking Trends: 2022 Q3 Update

FICO

US Bankcards Industry Benchmarking Trends: 2022 Q3 Update. Sources: University of Michigan, U.S. Delinquency rates have been trending upward for the past seventeen months with no signs of slowing down – account and balance delinquency rates have both exceeded pre-pandemic levels. NicholetteLarsen@fico.com. by Leanne Marshall.

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ABA Adds Five to Community Bank Benchmark

Banking Exchange

Banks based in California, Michigan, Ohio, Louisiana and Florida have been added to the Nasdaq index of community institutions Community Banking Feature3 Feature Management M&A Financial Trends ABA News Nasdaq.

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Partners Against Crime: Visa Leads Effort To Fight Fraud With New Dynamic CVV Codes

PYMNTS

The rising trend of digitization in commerce and the increased occurrence of card-not-present fraud were not created by the COVID-19 pandemic. Instead, it would be more accurate to note that those macro trend lines were both already on the move quite notably, and then the coronavirus came along and rapidly intensified the situation.

Fraud 316
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Simon, Taubman Join Forces To Save The Mall

PYMNTS

And two mall owners are joining forces amid this trend, The Wall Street Journal reported on Monday (Feb. Michigan-based Taubman manages, owns or leases 26 malls in Asia and the U.S., Simon Property Group Inc. intends to take over control of Taubman Centers Inc. , a competing owner of malls. properties as of Sept.

Detroit 132
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NEW REPORT: How Navy Federal Keeps Service Members’ Finances In Shipshape

PYMNTS

In Michigan, a group of credit unions recently joined forces to form a new financial institution (FI): a bank. Seven Michigan-based credit unions recently applied to establish a new limited-purpose bank, known as Credit Union Trust. Around The Credit Union World. Talk about a case of strange bedfellows. About The Tracker .

Michigan 100
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Teachers Credit Union On Using Technology To Drive A Personalized Member Service Approach

PYMNTS

These include South Bend, Indiana-based Teachers Credit Union (TCU), which has nearly $4 billion in assets and serves more than 300,000 customers at 57 branches across Indiana and southwest Michigan. This year, we’ve seen a significant trend in the adoption of electronic services by our older members,” he said.

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The Hybrid Workplace is One Huge Work-In-Process for Banks

Gonzobanker

April Clobes , CEO of Michigan State University Federal Credit Union , has made it mandatory for activities involving the “four C’s” – Coach, Collaborate, Create, Connect (culture activities) – to be done in person. The moment has come where bank leadership can no longer solely react to workplace trends.