About Kara Stewart
Website: http://www.experian.com/redefined
Profile: Senior Marketing Communication Specialist, CIS Corporate Experian
Posts by Kara Stewart
How to Drill Down Deeper Into Your Portfolios
Posted on May 01 2012 by Kara Stewart
To offset economic pressures and generate returns required to drive greater earnings, which will fuel future loan growth, portfolio managers are aggressively expanding their policies and practices to drill more deeply and frequently into their portfolios by identifying those members where relationships can be expanded and conversely identify those which are accelerating debt and stress.
To do that, a growing number of lenders are finding that it pays to look not only at a score or snapshot of a consumer profile, but take into consideration the magnitude and direction of change as well as frequency of review on all obligations and beyond the obligations they manage.
Marketing Intelligence Shows Consumer Retail Spending is Trending Upward
Posted on Apr 30 2012 by Kara Stewart
Jim Rohn once said, “Your life does not get better by chance, it gets better by change.”
According to recent market intelligence, retail spend continues to trend up, translating into increased balance growth on new bankcard and retail card originations.
Retail spend continues to trend up from a year ago driven by continued demand for autos in addition to growth in clothing store and restaurant sales. Translating into increased balance growth on new bankcard and retail card originations, particularly seen in the super prime and prime consumer risk segments, where balance growth and origination volumes had been down a year ago given relatively cautious sentiment. This is an encouraging sign in consumer confidence given the overall economic trends in unemployment and downward pressure on home prices.
New Rule Proposed by the CFPB
Posted on Apr 17 2012 by Kara Stewart
Since President Obama used a recess “appointment” to name former Ohio attorney general Richard Cordray as the first director of the Consumer Financial Protection Bureau (CFPB) in January, the new director and the bureau have hit the ground running.
In February, the CFPB released a proposed rule that defined third-party debt collectors with more than $10 million in annual receipts and consumer reporting agencies with more than $7 million in receipts as “larger market participants.” This is the first of many proposed rules that will define the larger market participants that will be susceptible to the bureau’s nonbank supervision program.