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April

5
2024
Trends

Bank deposits are back above pre-SVB levels. Regional lenders still have problems.

Banks have now regained all deposits they lost following the collapse of Silicon Valley Bank. But that doesn't solve many of the problems still faced by regional lenders.

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April

4
2024
Strategy

Enhancing Customer Experience – Collaborative Strategies Between Creditors And Collection Agency Collectors

In today’s dynamic business environment, collection agencies are embracing advanced tools like speech analytics and quality assurance (QA) departments to monitor collector calls, ensuring compliance with legal regulations. While adherence to these regulations is crucial, it’s equally important to embrace a broader perspective, echoing the sentiments of Starbucks’ Founder, Howard Schultz, who famously stated, “We are not in the coffee business serving people, we are in the people business serving coffee.”

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April

4
2024
Strategy

Chase Will Let Advertisers Offer Customers Targeted Offerings

Chase is reportedly getting deeper into the world of retail media. The banking giant’s new Chase Media Solutions unit will let advertisers target Chase customers with discounts and deals related to their spending history, The Wall Street Journal (WSJ) reported Wednesday (April 3).

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April

4
2024
Industry News

OCC Asks FIs to Offer Customers ‘High-Quality Financial Literacy Education’

This week, the Office of the Comptroller of the Currency (OCC) asked U.S. financial institutions (FIs) for their help in “improving the financial capability and financial health of their customers.”

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April

4
2024
Industry News

AG Nessel Re-Issues Data Breach Alert Following AT&T Data Breach

LANSING – Michigan Attorney General Dana Nessel is alerting Michigan consumers to a massive data breach affecting millions of current AT&T customers and tens of millions more former account holders nationwide. Nessel wants those whose information may have been compromised in the recent AT&T data breach to know what steps they can take to protect their data from scammers and identity thieves.

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