A percentage of subprime borrowers are actually prime or near-prime

Posted on Aug 07 2012 by

Some borrowers who are deemed subprime by traditional credit scoring criteria are actually quite creditworthy and are identified as prime or near-prime consumers when using the more inclusive VantageScore®. Based on a VantageScore Solutions’ study of infrequent users of credit, 15.5 percent were found to have either prime or super-prime risk. In addition, among new […]

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Study highlights consumer perspectives on data breach notification letters

Posted on Aug 01 2012 by

Consumers want to hear about data breaches – Eighty five percent of respondents in a recent study say learning about the loss of their data is pertinent to them. However, when they do, 72 percent indicated that they are dissatisfied with the notification letters they receive. Companies need to take note of these findings because […]

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Florida tops list with highest rate of identity theft complaints

Posted on Jul 31 2012 by

2011 was the 12th consecutive year that identity theft topped the list of FTC consumer complaints. Florida had the highest rate of complaints, followed by Georgia and California. Rank State Complaints per 100,000 population 1 Florida 179 2 Georgia 120 3 California 104 Learn how to detect and manage fraud activity while meeting regulatory requirements. […]

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The FDIC’s definition for assessing subprime is changing

Posted on Jul 27 2012 by

The FDIC has proposed a new rule that will change the way large lenders define and calculate risk for their FDIC Deposit Insurance Assessment. The revised definitions in the proposed rule rely on “probability of default” and eliminate all references to the traditional three-digit credit score used to calculate subprime exposure — changing the way […]

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How to drill deeper into your portfolio

Posted on Jul 13 2012 by

The pressures for both credit unions and banks, to generate returns to drive greater earnings are ever present. According to recent data released by the National Credit Union Administration, the nation’s 7,019 federally-insured credit unions added 667,000 new members in the first quarter of 2012 to a record of 92.5 million. To offset these pressures, […]

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Impact of Basel III on capital requirements

Posted on Jul 06 2012 by

The cumulative effect of Basel III is expected to have a substantial impact on capital requirements. The total minimum regulatory capital will increase from 8 percent to 10.5 percent. For institutions that are considered “systematically important,” an additional holding requirement may be imposed of up to 3.5 percent. Download our white paper to learn more […]

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Survey measures consumer knowledge of credit scores

Posted on Jul 05 2012 by

A recent survey of 1,000 representative American consumers showed that while 78 percent of respondents are aware that they have more than one credit score, some key misperceptions remain: • Fewer than half (44 percent) understand that a credit score typically measures risk of not repaying loans rather than amount of debt (22 percent), financial […]

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Underbanked population continues to grow

Posted on Jun 14 2012 by

The dramatic transformation of the financial services industry requires new advances and innovation in credit strategies to respond to the growing number of underbanked customers who need to be served. The underbanked, or unbanked, market now represents nearly 64 million U.S. consumers who have limited or no traditional credit history. Take a quiz now to […]

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Year-over-year origination volumes decline

Posted on Jun 07 2012 by

Mortgage origination volumes increased to $427 billion in Q4 2011 – a 31 percent quarterly gain. However, overall 2011 originations of $1.35 trillion were 16 percent lower than 2010 volumes. Sign up to attend our upcoming Webinar, which will focus on current credit trends and feature a closer look at the overleveraged consumer. Source: Experian-Oliver […]

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Study shows significant increase in credit limits

Posted on Jun 06 2012 by

Year over year retail spend continues to trend up, translating into Bankcard balance growth and new originations. New Bankcard volumes (limits) came in at $59 billion in Q4 2011 – a 52 percent increase over the previous year. Register now for our upcoming credit trends webinar. Source: Experian Infographic: Bankcard and Retail Spending Trends.

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