HELOCS Not Faddy – Misunderstood – Not Forgotten
Most homeowners say they are reluctant to take out home equity lines of credit (HELOCs) to meet other financial needs. At the same time, …
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Banking
MYTH: Millennials Don’t Go to a Bank Branch, Only Do Digital Banking
More customers than ever are using mobile banking (49% of Millennials, 31% of Gen X and 16% of Boomers). Despite this widespread adoption of …
U.S. Trails (14th Place) Israel, Canada & Germany for Financial Literacy
Nearly two-thirds of adults consider their own financial literacy to be good or excellent, however, their perception of the average American isn’t quite as …
Old Farts Represent a Huge $ Market for Alternative Financial Services
The economic buying power of the 50-plus population who are increasingly turning to alternative financial services due to feeling that traditional bank offerings are …
Let Your Mouth Do the Talking Not Your Fingers For Banking Services
Canada’s CIBC has introduced in-app voice commands enabling clients to quickly access a variety of banking tasks and explore products or services with a …
Bankers Head Out to Schools for Financial Literacy Month
Nine out of ten adults overwhelmingly agree personal finance skills should be taught in schools. Despite such strong support, as of 2016, only 17 …
Safer Payment Products for Minors’ Guide for Financial Service Providers
Child & Youth Finance International (CYFI) and Mastercard are launching a guide on banking and payment products for minors. The ‘Safer Payment Products for …
Tech-Savvy Young Canadians Love Their Banks
Canadian millennials are confident, entrepreneurial, tech-savvy but also tend to be loyal to their banks – sometimes to a fault. A recent survey by …
61% Distrust the Government – Only 12% Distrust Their Bank
About one-third of American consumers feel stuck to do business with one or more financial services companies they distrust. The proportion of customers who …
DYK Discover is More Than a Top Credit Card Issuer – FYI Now One of Best Banks of 2017
Discover is a major U.S. credit card network and the third largest issuer (in number of cards) of U.S. bank (general purpose) credit cards, …
