Credit Cornerstone

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Study highlights consumer perspectives on data breach ...

Consumers want to hear about data breaches – Eighty five percent of respondents in a recent study say learning about the loss of their...

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Florida tops list with highest rate of identity theft ...

2011 was the 12th consecutive year that identity theft topped the list of FTC consumer complaints. Florida had the highest rate of complaints, followed...

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The FDIC’s definition for assessing subprime is ...

The FDIC has proposed a new rule that will change the way large lenders define and calculate risk for their FDIC Deposit Insurance Assessment....

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How to drill deeper into your portfolio...

The pressures for both credit unions and banks, to generate returns to drive greater earnings are ever present. According to recent data released by...

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Impact of Basel III on capital requirements...

The cumulative effect of Basel III is expected to have a substantial impact on capital requirements. The total minimum regulatory capital will increase from...

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Survey measures consumer knowledge of credit scores...

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...

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Underbanked population continues to grow...

The dramatic transformation of the financial services industry requires new advances and innovation in credit strategies to respond to the growing number of underbanked...

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Year-over-year origination volumes decline...

Mortgage origination volumes increased to $427 billion in Q4 2011 – a 31 percent quarterly gain. However, overall 2011 originations of $1.35 trillion were...

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Study shows significant increase in credit limits...

Year over year retail spend continues to trend up, translating into Bankcard balance growth and new originations. New Bankcard volumes (limits) came in at...

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Study shows auto loan balances increasing...

Outstanding automotive loan balances were at $708 billion in Q1 2012 – a figure last seen two years ago. Banks and captive auto lenders...

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Average lending decision turnaround varies across fina...

The average turnaround time to make a lending decision varies materially between financial institutions. Institutions with low-level automation are typically less competitive on price...

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Regulators stress the importance of model validation...

As part of its expanded guidance, the Office of the Comptroller of the Currency explicitly recommends that financial services firms utilizing predictive models and...

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Mortgage delinquency rate lowest in a decade?...

A vintage analysis comparing 60 or more days past due (DPD) delinquency performance at the one-year mark for mortgages originated between 2002 and 2010...

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Mortgage delinquencies shift direction...

After increasing for the first time in nearly two years, the 30 and 60 days past due (DPD) mortgage delinquencies as a percentage of...

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Mortgage default risk improving...

A recent study compiled by VantageScore Solutions found that default risk associated with mortgage originations has improved. The likelihood that a borrower will become...

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