Research
OD/NSF Fees: The False Safety Net of Doing Nothing
By Mike Branton Given the proposed CFPB rules that are going into effect regarding OD/NSF fees, it’s the right time to find out how banks and credit unions are dealing and planning to deal with this dominant source of non-interest income being increasingly scrutinized (yep, it’s classified as a “junk fee”) and regulated to generate…
Read MoreFuture of Overdrafts – Survey Results Webinar
Download Presentation (PDF) The CFPB is gunning for “junk fees”. In their definition of these fees, they include OD/NSF fees (and in recent ruling, credit card late fees). While this proposed regulation of a maximum fee amount is targeting those FIs with $10 billion or more in assets, it’s just a matter of time before…
Read MoreResearch Part 4: Opportunities from Reinventing Business Checking Accounts
Editor’s Note: This is the fourth and final part in our series exploring market research we commissioned with financial services firm Cornerstone Advisors to get a state of market view through the eyes of SMB leaders across the country. Our main goal was to understand their challenges now and how community financial institutions could…
Read MoreCommunity FI Leaders’ Survey Delivers Revealing Deposit Expectations for 2024
By Mike Branton When it comes to finding out what community banks and credit unions are planning for the coming year related to deposit performance the best way is to ask them directly. There’s no doubt that there’s plenty of data regularly published by third parties about community FIs and the broader banking industry regarding…
Read MoreResearch Part 3: SMB Banking Relationship Paradoxes Are Opportunities for Community FIs
Editor’s Note: This is the third in a monthly series exploring market research we commissioned with financial services firm Cornerstone Advisors to get a state of market view through the eyes of SMB leaders across the country. Our main goal was to understand their challenges now and how community financial institutions could best compete…
Read MoreResearch Part 2: Reinventing a Community FI Strategy to Regain SMB Market Share
Editor’s Note: This is the second in a monthly series exploring market research we commissioned with financial services firm Cornerstone Advisors to get a state of market view through the eyes of SMB leaders across the country. Our main goal was to understand their challenges now and how community financial institutions could best compete…
Read MoreRecording: Community Bankers Survey on the 3 Ds: Deposits, Differentiation, and Decisions
Download Presentation (PDF) We decided that if we want to know how bankers are planning for deposit growth next year, we weren’t going to rely on statistics and projections – we were going straight to the source. We asked hundreds of community bank and credit union leaders to tell us what they were planning for…
Read MoreResearch Part 1: Reinventing a Community FI Strategy to Regain SMB Market Share
Editor’s Note: This is the first in a monthly series exploring market research we commissioned with financial services firm Cornerstone Advisors to get a state of market view through the eyes of SMB leaders across the country. Our main goal was to understand their challenges now and how community financial institutions could best compete…
Read MoreRecording: What’s New with Business Checking? BaZingBiz Checking
Download Presentation (PDF) The lifeblood of community banks and credit unions is SMBs because these businesses are the lifeblood of the communities these financial institutions serve. For the past two decades we’ve served more than 2 million customers and members and more than 400 community FIs, helping them deliver the best products and services to…
Read MoreRecording: Navigating the Land of Giants
Download Presentation (PDF) According to FDIC and S&P Global data published last year, 3% of the largest banks have about 83% of the deposits in the US. That leaves 17% of deposit accounts to find homes with 97% of the rest of the financial institutions out there.And the intervening year hasn’t helped that 97%. Plus,…
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