Consumers paid down $119 billion in credit card debt in the first three quarter of 2020, the largest pay down on record, according to a new report from WalletHub released today.
With COVID-19 continuing to have a widespread effect on the economy, banks could see steep losses in the years ahead—but that shouldn’t stop them from “reimagining the future and making bold bets,” according to a new report released by Deloitte today.
Mobile and online banking experiences were rated as ‘excellent’ ‘very good’ or ‘good’ by 99% of consumers, a record high, according to a new ABA/Morning Consult survey released today, topping last year’s record by four percentage points.
As corporate treasurers pivot in response to the coronavirus pandemic, nearly half of them on net are planning to diversify their debt and capital structures, according to a new survey released today from TD Bank and Strategic Treasurer.
A new study from Freddie Mac shows that mortgage forbearance has played an important role in helping mortgage borrowers remain in their homes during COVID-19.
Amid ongoing stresses in the ag sector and economic dislocation from the COVID-19 pandemic, lenders reported that just under 51% of their agricultural borrowers were profitable in 2020, a decline of six percentage points from the prior year, according to the latest agricultural lenders survey conducted by the American Bankers Association and Farmer Mac.
Are your customers inquiring more about financing hemp production or alternative energy projects such as solar panels on the farm? From a new ABA/Farmer Mac survey.
In the wake of the COVID-19 pandemic, 85% of financial institutions said they have increased digitization efforts, according to a new survey from BAFT, ABA’s global transaction banking subsidiary, and CGI, an independent IT and business consulting firm.
Bank customers now use mobile apps more than any other method to manage their bank accounts, according to a new ABA/Morning Consult survey.