Abrigo

MARCH 6, 2015

March comes in like a lion for the nation’s largest banks. The reports were positive: all 31 stressed banks “passed,” showing that they are stronger than they have been at any time since the tests began in 2009, the Fed reported. Stress testing is a critical risk management technique that deserves bolstering.

Risk Management 150

Risk Management Capital Community Bank Regulation 150

PYMNTS

AUGUST 26, 2016

Nate Stewart, Group Product Manager for BigCommerce , an eCommerce platform with deep roots in Austin, provided a glimpse into what really helps Austin stand apart and why startups can’t help but flock to the city. In this week’s edition of PYMNTS’ Weekly Tech Center Roundup , we take our first look at a U.S.

Austin 100

Austin Fintech New York City Community 100

PYMNTS

FEBRUARY 28, 2019

The shortage threatens to hamstring kids’ abilities to play games as schools across the nation report declines. The Michigan High School Athletic Association, for instance, reported 12,722 registered sports officials in the 2008 to 2009 academic year, and that total fell to only 9,816 in the 2017 to 2018 season.

Payments 108

Payments Software Michigan National 108

Jeff For Banks

AUGUST 12, 2018

annually since 2009, while the record expansion of the 1990s saw growth of 3.6%. One of the causes of low growth since 2009 is uncovered! Low productivity continues, just as it has since this recovery began in 2009, averaging only 1.3% Another of the causes of low growth since 2009 is unveiled! The economy has grown 2.2%

Marketing 60

Marketing Philadelphia Omaha US 60

Jeff For Banks

NOVEMBER 3, 2023

Unsurprisingly, the largest declines occurred starting monthly in March, 2006 and on a y-o-y basis in September, 2006 and continued to November, 2009. The largest monthly decline took place in May, 2009 at -27.2% The chart showed eerily similar patterns of declines in 1990 and 2000-2001. y-o-y with the index reaching a low of 75.7.

Marketing 87

Marketing Community Bank Policies Community 87

FICO

JUNE 14, 2018

Just as millions of Americans check their FICO Scores to see how their credit is doing, FICO and the National Bureau of Credit Histories (NBKI), Russia’s leading credit bureau, keep tabs on the health of Russian consumers. The base was set at 100 in July 2009, and it climbed until the end of October 2011. “The

Risk Management 40

Risk Management Cards Maine Management 40

FICO

NOVEMBER 11, 2019

One driver of this observation is likely the FCRA-mandated seven-year purge rule for negative information, which means that missed payments reported in the 2007-2009 period (epicenter of the recession) have been dropping off of people’s credit reports. MSA 1 (City) Level View.

Las Vegas 40

Las Vegas District of Columbia US San Francisco 40

FICO

SEPTEMBER 24, 2018

Since bottoming out at a score of 686 in October 2009, we have seen eight consecutive years of increases in the national average FICO Score. Figure 1 - National Average FICO ® Score. For the first time, the average FICO Score in the U.S. has reached 704 , showing a steady upward trend in U.S. credit quality. Source: FICO Blog.

National 73

National Groups Trends Resources 73

PYMNTS

NOVEMBER 11, 2016

Alibaba, however, saw an opportunity in the making and in 2009 launched Single Day as an e-commerce holiday and opened up its platform for discounts and displaying their wares. The event was also truly global according to that internal data – with orders coming in from 207 nations.

Branding 115

Branding Groups Apple National 115

Jeff For Banks

OCTOBER 15, 2021

If a saver put $1,000 in a bank savings account on January 1, 2009, less than one month after the Fed dropped the Fed Funds rate to 0%-0.25%, and kept it in that savings account, they would have $1,091 at the end of 2020. Eleven basis points difference to the peer median.

Taxes 78

Taxes FDIC Guidelines Policies 78

Fintech Labs Insights

APRIL 12, 2024

Innovations from 1995 to 2014 (with launch dates) Note: Ranking as of Jan 2014 Wells Fargo is first in the world to offer Web-statement access (launched May 1995) Security First Network Bank launches first full-service Internet bank brand (Oct 1995, disbanded 2002) PayPal launches first online optimized payment system (Nov 1999, bought by eBay in 2003) (..)

Innovation 15

Innovation Fintech Online Mobile 15

Jeff For Banks

NOVEMBER 7, 2015

Interestingly, Kelly started what would end up being EnerBank at Baltimore's First National Bank of Maryland (now M&T Bank ), a former employer of mine in the mid 1990's. First National divested the unit because it didn't fit their definition of "community banking". Net charge-offs peaked at 2.19% of total loans in 2009.

Community Bank 60

Community Bank Community Baltimore Lending 60

FICO

FEBRUARY 25, 2019

After a 2018 that had its highs and lows, what might 2019 have in store from a credit risk management standpoint? Speaking of emerging pressures, will 2019 be the year that the streak of 8+ consecutive years of increases in the average national FICO® Score comes to an end? Growth in Application Fraud Scoring Solutions.

Trends 63

Trends Fraud Data National 63

FICO

APRIL 11, 2022

That compares to 0.98% in April 2014 and 0.85% in April 2009. This slight uptick is not surprising as we have been seeing the average FICO® Score on the national population increasing as time since the “great recession” ages. . As of April 2019, about 1.6% of the U.S. scorable population had an 850 FICO® Score.

New Hampshire 52

New Hampshire Connecticut Minnesota San Francisco 52

FICO

JULY 10, 2017

FICO regularly tracks the national FICO Score distribution as an important gauge of US consumer credit behavior. US consumers continued to show improvement in managing their debts, which began shortly after the bottoming out of the economy in 2009-2010.

US 75

US National Trends Data 75

PYMNTS

FEBRUARY 24, 2016

23), the National Retail Federation (NRF) reviewed various research efforts that mete out how serious the threat against companies’ digital data from their own internal employees is — as well as, perhaps even more seriously, the fact that many retailers might not be considering that threat. In a story posted yesterday (Feb.

Retail 100

Retail Fraud Survey Branding 100

PYMNTS

JUNE 3, 2016

Ever since CRF Frozen Foods first announced a voluntary recall of a handful of vegetable products over possible contamination earlier this spring, the great Listeria discovery run as roped in ConAgra and The Pictsweet Company — and popped up at the nation’s most recognizable retailers like Costco, Trader Joe’s, Harris Teeter and Kroger.

Michigan 100

Michigan United States Course Branding 100

Jeff For Banks

FEBRUARY 28, 2010

I took a brief walk down the front of the store, past The Money Center, and encountered my second glimpse of Wal-Mart’s banking strategy, Woodforest National Bank (see photo). billion in deposits at June 30, 2009. In 2009, Woodforest reported net income of $83.1 Woodforest has dozens of proposed branches in the works.

Virginia 67

Virginia Strategy Resources National 67

Jeff For Banks

FEBRUARY 6, 2011

Take for example the language from an FA Article relating to a strategic plan issued by the OCC to The Suffolk County National Bank of Riverhead (“SCNB”) in New York on October 25, 2010: “The Board shall adopt, implement, and thereafter ensure Bank adherence to a written strategic plan for the Bank covering at least a three-year period.

Regulation 73

Regulation FDIC National Capital 73

Independent Banker

FEBRUARY 25, 2015

Coping just fine, community banks in energy-producing regions manage the oil-price plunge. Crude oil prices have dropped more than 50 percent from last July to this January, and they haven’t hovered this low since 2009. Until then, he expects “a lot of restructuring” to manage possible loan defaults. By Howard Schneider.

North Dakota 70

North Dakota Texas Louisiana Community Bank 70

PYMNTS

SEPTEMBER 14, 2016

The Department of Justice recently set up a team to investigate cybersecurity and what it considers to be a threat to national security stemming from driverless cars. 2, 2016, the company raised $70 million in Series D equity funding and has raised a total of $110 million in four rounds since its founding in 2009, according to Crunchbase.

Big Data 100

Big Data Fraud Software Analytics 100

CB Insights

APRIL 17, 2018

He stayed with the company through its acquisition by Amazon in 2009 and joined Sequoia Capital as Partner in October 2010. After 4 years with the company, Brian joined Google as a Software Engineer and inevitably rose to become an Engineering Manager. Shortly after, he joined eBay as Senior Vice President and General Manager.

San Francisco 71

San Francisco CA Capital Operations 71

Jeff For Banks

DECEMBER 19, 2015

Independent Bank Corporation (Nasdaq: IBCP) Independent Bank dates back to 1864 as the First National Bank of Iona. But management went to work. through its subsidiary BNC National Bank, offers community banking and wealth management services in Arizona, Minnesota, and North Dakota from 16 locations. What a ride! #3.

North Dakota 60

North Dakota Arizona Michigan Florida 60

TrustBank

DECEMBER 8, 2022

According to the S&P/Case-Shiller US National Home Price Index, home prices rose a whopping 63% over that period (2001-2006) before beginning to crater heading into the Financial Crisis. While access to credit grew, the costs associated with managing it were high. Recall the NINJA loans (No Income, No Job, Apply).

US 52

US Policies Taxes Washington 52

FICO

SEPTEMBER 13, 2016

When I last blogged about the national distribution of FICO® Scores a year ago , US consumer credit quality was continuing to climb upwards, though with some potential indications of change ahead. The April 2016 figure puts this theory to rest, posting a three-point improvement over the national average FICO® Score from just six months prior.

US 40

US Trends National Data 40

FICO

AUGUST 2, 2016

But using “data science for good” is exactly what Dr. Jim Bander did at Toyota Financial, implementing FICO Decision Management Suite to optimize the automotive lender’s practices , and keep more drivers in their cars and their credit history clean. “We That’s not normally what people think about when the topic turns to debt collection.

Analytics 40

Analytics Data Strategy US 40

Independent Banker

OCTOBER 29, 2014

I reluctantly agreed to call the number in the ad and, to my surprise, was granted an interview and soon hired as the first management trainee for American National Bank, a small community bank headquartered in Bakersfield.

Community Bank 79

Community Bank Training Community Montana 79

FICO

SEPTEMBER 17, 2019

That compares to 0.98% in April 2014 and 0.85% in April 2009. This slight uptick is not surprising as we have been seeing the average FICO® Score on the national population increasing as time since the “great recession” ages. As of April 2019, about 1.6% of the U.S. scorable population had an 850 FICO® Score.

New Hampshire 40

New Hampshire Connecticut Minnesota San Francisco 40

Gonzobanker

JULY 7, 2015

Here’s the bottom line: In the past six years (March 2009 to March 2015), the top 10 Internet banks have grown an impressive $175 billion in new deposits. Here’s the breakdown of these 10 banks in order of deposit growth: Deposits ($000): March 2009 Deposits ($000): March 2015 6-Year Growth. ($000). Think about this.

Digital Banking 60

Digital Banking Industry Capital Strategy 60

TrustBank

JUNE 17, 2021

As a Senior Client Portfolio Manager, I frequently have conversations with people who have concerns about economic issues that “everyone knows will occur.” As such, our portfolio management group regularly holds a “what if” meeting. The narrative is full of plot twists, as what is often expected to occur frequently does not.

Policies 52

Policies Exercises Washington Study 52

PYMNTS

FEBRUARY 27, 2017

It looks like the nation’s biggest brick-and-mortar player is starting to gain some traction in its bid to be a bit more nimble, a bit more digital and a bit more alluring to shoppers even in its brick-and-mortar locations. The race with Venmo will be tough — and Venmo has a big head start, since it was first founded in 2009.

Data 100

Data Retail Big Data Online 100

FICO

JUNE 5, 2017

To find out how the FICO® Scores of these consumers might be impacted by this negative information being purged, FICO conducted research on a random representative sample of the 28 million US consumers who had a serious delinquency (defined as 90 or more days past due) between 2009 and 2010.

Groups 61

Groups Meeting Examples Report 61

Jeff For Banks

MAY 20, 2017

And success is the great mollifier to risk managers that wish to take away the punch bowl when the party's rockin'. The Great Recession lasted from the fourth quarter 2007 through the second quarter 2009, according to the National Bureau of Economic Research. Risk mitigants tend to lag growth, especially fast growth.

Lending 60

Lending Regulation Community Community Bank 60

Jeff For Banks

OCTOBER 21, 2010

Rates have fallen to incredible lows; Pimco, a large money manager, has referred to them as “Eisenhower” lows because they were prevalent in the 1950s. Rebuilding of depleted inventories and increased capital spending helped to get GDP growth back on track in the summer of 2009 and into 2010. What are the Markets Thinking?

Taxes 60

Taxes Marketing Capital Policies 60

Jeff For Banks

JANUARY 18, 2014

To put that GDP growth into perspective, consider that, in the three years following the recovery which began in June, 2009, real GDP averaged +2.2%. The National Association of Business Economics, or “NABE,” is almost as optimistic at close to 3%. In the ten previous recessions, real GDP averaged +4.6% during a recovery.

Philadelphia 86

Philadelphia Policies US Marketing 86

FICO

JANUARY 15, 2021

In our top post, Vice President and General Manager of Scores, Sally Taylor explained the new FICO Resilience Index, designed to provide lenders with a more precise assessment of consumer credit risk and consumers with demonstrated talent for weathering economic storms greater access to credit.

Report 59

Report Payments Cards Data 59

PYMNTS

AUGUST 6, 2016

1 school in the nation doesn’t much care about the SAT. In 2009 , parents around the world spent an estimated $2.5 That more serious issue came up last s pring, when it became known that those test prep firms had also managed to get their hands on a copy of the new (and as yet untaken) version of the SAT.

Study 100

Study Security New Jersey Course 100