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How community banks can help young homebuyers

Independent Banker

As house prices skyrocket, student loan debt grows and wages stagnate, many Gen Zers and millennials are watching their homebuying dreams move out of reach. But there are ways community banks can help mortgage-seekers get on the property ladder. So how can community banks help? By Beth Mattson-Teig.

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Community Banks, Where Moving Beyond Interest IncomeĀ Is In The (Credit) Cards

PYMNTS

Think of banking and you might think of lending and deposits, where firms make money on the spread between what they pay savers and what they take in from borrowers. But banks cannot live on interest alone. Additional financial products and services must round out traditional banking activities.

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Why Community Banks Canā€™t Afford To ā€˜Wait and Seeā€™ About Faster Payment Innovations

PYMNTS

Are community banks missing the chance to climb aboard the faster payments train? With various banks and FinTechs producing innovative solutions ā€” like mobile banking and P2P tools aimed at improving the speed of payments ā€” the pressure is on for community banks to keep up. faster payments system.

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A Decade On, Lending Transformed By Crisis And Innovation

PYMNTS

And in lending, with the financial crisis in the rearview mirror, a decade on, invention ā€“ okay, innovation ā€“ has become a hallmark, at least in some corners. The traditional banking model may be disrupted, or about to be disrupted, depending on where you look. Mortgages and Credit Cards and Student Debtā€¦. Mortgages ?

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What #Banking Trend Will Have the Greatest Impact on Your Bank?

Jeff For Banks

Consumer Demographics and Changing Customer Demands Remember all the pre-pandemic talk about millennials? You couldn't go to a conference without every presenter having millennial this or millennial that on their slide decks. Now the oldest millennial is 43 (see table by Statista).

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DoorDash, Airbnb IPOs; BNPL Trends; Pet Fraud Top This Week's News

PYMNTS

Capital One Halts BNPL Transactions On Its Credit Cards. Capital One Financial Corp is putting a stop to buy now, pay later (BNPL) transactions on its credit cards, calling the dealings ā€œ risky ,ā€ for both consumers and banks. Synctera Brings 'FinTech As A Service' To Community Banks.

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Lindsay LaNore: Creative retainment

Independent Banker

Thanks to high levels of engagement, community banks are well known for having long-standing employees. If youā€™re hiring millennials or Gen Zers, remember they want to work for organizations that give back to their communities. If a teller is interested in learning about lending, donā€™t wait for a job opening.

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