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Excerpt:
The Consumer Financial Protection Bureau (CFPB) released a much-anticipated report in which they revealed a new regulation known as Reg F that directly relates to the collection of consumer debt. Banks, credit card companies, and debt collectors of all stripes have been pushing for the CFPB to release specific regulations regarding when and how often debt collectors may contact those who owe them money, and they got what they wished for.
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Excerpt:
There is naturally a lot of concern and focus on debtors during an economically turbulent time. One must also ask what creditors intend to do about their own portfolios when things start to get a little shaky. The increased concerns about the economy have meant that many debtors have pulled back on their credit card usage, and most are paying down their current balances. It turns out that this is a unique reaction to an economic shock.
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Excerpt:
Credit unions find themselves in a unique position these days. They are experiencing record or near-record amounts of deposits from customers. This seems like wonderful news until you hear that they are also experiencing decreasing profits at the same time. How is this even possible? There are a number of reasons for a loss, including declining loan production, decreasing membership, and an aging of existing membership. This is why it's the time for credit unions to form strategic partnerships with companies that can help them regain their footing in the loan and membership acquisition business. 
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Excerpt:
There is naturally a lot of concern and focus on debtors during an economically turbulent time. One must also ask what creditors intend to do about their own portfolios when things start to get a little shaky. The increased concerns about the economy have meant that many debtors have pulled back on their credit card usage, and most are paying down their current balances. It turns out that this is a unique reaction to an economic shock.
More..
Excerpt:
The reality is that as more banks merge together, there are fewer overall banks, and thus each new bank lost is a greater percentage of the total. Overall, the percentage of the total number of banks that are lost each year continues to be fairly consistent. That number is around 4% of the total, and that means that the large banks are continuing to swallow up any of the remaining community banks that they can find. Thus, it is best to still consider ourselves to be in a period of banking sector consolidation. 
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Excerpt:
There comes a time in every economic cycle when it is relevant and prudent to review the assets on one's books and determine which assets should stay and which should go. The economy is so turbulent at this time that it is the perfect moment to contemplate the relevance and profitability of various assets to try to remain financially solvent and thriving. Many banks are active in the process of reviewing their books as we speak, and they are surely contemplating the necessity of offloading some of their underperforming assets. Fortunately for the banks, right now is the ideal time to be in the market for selling off certain assets that might be underperforming or otherwise causing a drag on the balance sheet. There is a lot of capital ready to go to work purchasing up some of these less than ideal assets. We want to take a look now at some intricate economic factors at play and how banks can best position themselves going forward.
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Excerpt:
The Consumer Financial Protection Bureau (CFPB) released a much-anticipated report in which they revealed a new regulation known as Reg F that directly relates to the collection of consumer debt. Banks, credit card companies, and debt collectors of all stripes have been pushing for the CFPB to release specific regulations regarding when and how often debt collectors may contact those who owe them money, and they got what they wished for.
More..