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A Decline in Personal Savings

TrustBank

The BEA calculates the personal saving rate by subtracting taxes from personal income to arrive at “disposable personal income” and then subtracts personal outlays. From Q2 of 1993 through the end of 2007, household debt as a percentage of disposable personal income climbed by 26% to13.1%. What followed was a new level of prosperity.

US 52
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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Virtual card issuance. Business lending and corporate cards. Fraud prevention tools. Supporting merchant partner growth. Growing the internet economy.

Online 98
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The Curious Case For Breaking Up Tech Giants

PYMNTS

And that we should do that not because they’re tax evaders or evil — all things he said they, like all of us, are. How about Facebook gift cards? You notice it’s your friend’s birthday and have the perfect opportunity to send a … physical gift card that they receive 10 days after the event. A slam dunk for Facebook, right?

Google 148
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My Fantasy Banking Team

Jeff For Banks

Since his joining the Board, the bank has stabilized, returned to profitability, recaptured it's deferred tax asset, and NPAs/Assets have declined to less than 3%. Selection: Greg Garrabrants, BofI Holding, Inc, (NASDAQ: BOFI) Greg has been in charge of the Bank since 2007. Chan came as part of the recap, and rose to Chairman in 2014.

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2021 GonzoBanker Awards

Gonzobanker

Based on a clearly defined strategy, this team has established a dedicated fintech group that offers services ranging from BaaS to sponsoring card issuance and lending, to providing crypto services, to offering niche partnerships to the gaming industry. Goes to Larry Mazza and the crew at MVB Bank in West Virginia.

Fintech 143
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From Investing To Budgeting, How Millennials Are Disrupting Personal Finance

CB Insights

But incumbent banks are also at the forefront of the most promising innovations in personal finance today, such as virtual credit cards. Bank of America, Capital One, Chase, PNC, and Wells Fargo all offer digital and mobile banking options. Mint, one of the first personal budgeting tools to break through , launched in 2007.

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Guest Post: 2013 Economic Year in Review and Outlook by Banker Dorothy Jaworski

Jeff For Banks

Many businesses remain uncertain due to the increased regulatory burden, the drama in the insurance markets due to Obamacare, income tax changes, and a still high unemployment rate at 7%, which serves to keep personal incomes in check and consumer spending under wraps. and Janney Capital Markets at 2.1% Just saying.