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This is a week where we reflect on what we are thankful for. Daily headlines might suggest there isn’t a lot the banking world has to be thankful about, but I would disagree. 2011 has been a tough year for the financial industry, no doubt about it. Billions of dollars in revenue will be lost … Continue reading →
Banking industry news has been like a sad country song for the past several years. I lost my job, my truck broke down, and my girlfriend left me and took my dog. Translation: layoffs are abundant, banks are closing, customers are retreating and new regulations are taxing resources and taking away the profits of banks. … Continue reading →
There has been a great deal of commentary lately about the fate of retail creditors and industrial loan companies in the legislative battle over control of our financial system. Recently I expressed my opinion in American Banker Viewpoints on how this may affect retail lenders. My submission from July 8, 2009 is posted here and … Continue reading →
The industry buzz is that it is going to take some issuers 70–80 percent of their IT capacity to manage the new credit card regulations. That is an alarming statistic, but what exactly does it mean and how is it going to impact card issuers from a technology resources point of view?
Way back when … Continue reading →