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When we think about credit card rates and perks, we tend to think of retail consumers, but credit cards are a vital tool for small businesses as well. We review the benefits of business credit cards and how those benefits can be used to entice businesses to apply.
Struggling small businesses are increasingly turning to credit cards to help pay operating costs. CFIs can help by offering debt counseling and innovative small business lending products. We discuss strategies.
Supply shortages have been affecting all businesses to some degree since the start of the pandemic. But, with the holiday season upon us, small businesses are finding supply chain issues especially difficult. We lay out the current situation, how it specifically affects small businesses, and what community financial institutions can do to help.
The percentage of immigrants as a share of the population has grown in the last 40Ys to 13.7% vs. 4.8% in 1970. We found 5 interesting ways that your peers are supporting their foreign-born community members, including alternative credit scoring, microbusiness loans, small-dollar loans, and more.
We interviewed industry expert and PCBB’s President Mike Dohren about the key trends CFIs should look out for in 2024, including increased cyber risk, funding and liquidity struggles, and credit quality.
As office vacancies persist in cities, CFIs must assess how suburban and rural markets could be next — and what it means for CRE portfolios and CECL modeling.
Stress testing is vital for CFIs to assess their resilience, manage risks, and prepare for economic shocks in today’s uncertain market. We discuss scenarios to test for and approaches to stress testing.
A survey of senior credit risk executives revealed generative AI will impact 80% of credit risk assessments within two years. We discuss how generative AI can help CFIs manage credit risk.
BNPL has become increasingly popular and is expected to grow in the years to come. The market, currently dominated by fintechs, is ripe for regulation, opening the door for traditional financial institutions. CFIs may want to react quickly to this latest disruptor. We discuss the key considerations for CFIs entering this space.
The economic market presents both challenges and opportunities for CFIs. From interest rate increases and talent shortages to loan demand and digital transformation investment, we dive further into both.
The Bank Supervision Operating Plan, published annually by the Office of the Comptroller of the Currency, can serve as a “cheat sheet” to help CFIs focus their compliance efforts in the right areas. Among the 13 areas identified by the 2023 operating plan, two are related directly to credit quality.
