banking

March 13, 2020

Banks Ready Disaster Plan in Wake of Coronavirus

Large US banks have begun testing crisis measures in case of a broader coronavirus outbreak that prevents staff from going to work, according to banking sources.  […]
March 11, 2020

Consumer Lenders Fall Victim to Coronavirus Fears

It’s hard to believe that less than three weeks ago the S&P 500 closed at an all-time high.  This was largely due to the enduring strength […]
February 26, 2019

FinTechs Lead Banks in Personal Lending

FinTechs, not traditional banks, appear to be preferred method of taking out unsecured personal loans in the U.S., with the market hitting an all-time high last […]
December 4, 2018

Corporate Debt at Potentially Risky Levels

The U.S. economy is showing some vulnerabilities as investors increasingly buy up risky corporate debt and businesses rely on “historically high” borrowing levels, according to the […]
November 2, 2018

New FICO Model Could Boost Millions of Credit Scores

Experian, FICO and Finicity announced a new credit scoring model that could expand credit access for millions of Americans.  The new model, UltraFICO, would look at […]
October 30, 2018

What do Bankers Fear This Halloween Season?

By most accounts, the banking industry is in great shape. The economy is humming, last year’s tax break provided a boost to profits, and President Trump’s […]
May 23, 2018

Mortgage Delinquencies Improve But Face Pressure

Late payments on single-family home mortgages improved on a consecutive quarter basis as more recovery from Hurricanes Harvey and Irma took hold, but more potential loan […]
May 22, 2018

March Equipment Leasing Business Volume Up 18%

The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) showed their overall new business volume for March was $9.1 billion, up 2% […]
May 19, 2018

Saldutti Law Group Welcomes Commercial Litigation Attorney

Saldutti Law Group, a complete creditors’ rights and collection firm, is pleased to announce the addition of Andrew P. Chigounis to the firm.  Andrew joins the […]