A Better Way to Help Assess DDA Risk

Businessman Balancing Coins On Wooden Seesaw

It is no revelation that the Consumer Financial Protection Bureau (CFPB) wants to ensure that banks and credit unions are appropriately and fairly meeting the needs of consumers. This includes the agency strongly recommending that financial institutions implement an open-all strategy for consumer demand deposit accounts (DDAs) and help provide deposit account options for “credit [Read More…]

Regional Household Wealth Tier Breakdowns

IXI Blog Article Image Resized - Regional Wealth_v2

This month we wanted to take a closer look at estimated household wealth across the U.S.  Specifically, the map below shows the percent of households that fall into each estimated wealth tier within each region. How do regions along the east and west coasts stack up against the rest of the country?  Do regions in [Read More…]

King v. Burwell: Subsidies Stand

The U.S. Supreme Court has issued a ruling in the King v. Burwell case stating that the Affordable Care Act (ACA) does in fact allow the Internal Revenue Service (IRS) to provide Premium Tax Credits, or subsidies, for health insurance provided under the Federal Marketplace. Although the language of the law states that subsidies are [Read More…]

Regions with Growing and Shrinking Household Assets

SUI tax rates

To help ensure financial institutions are offering and promoting products and services that meet the needs of their customer bases, it is important to understand how different regions within their geographic footprints are faring financially. Additionally, market-level financial insights can help financial institutions: Locate high-growth and under-developed market areas Size the market Better assess their [Read More…]

Webinar – ACA is Here to Stay: Best Practices for ACA Management

Legislative Update

Webinar – ACA is Here to Stay: Best Practices for ACA Management Tuesday | July 7, 2015 | 1:00 PM EDT The Supreme Court has issued a ruling in the King v. Burwell case upholding Premium Tax Credits, or subsidies, for health insurance provided under the federal Marketplace. But what does this mean in terms [Read More…]

Virginia Digital Identity Law Highlights Identity Fraud Prevention

extending credit

Trusted identity credentials, managed and provided by 3rd-party identity providers as part of trust frameworks, are extremely effective mechanisms for consumers, businesses, and government agencies to use to protect their digital assets and information from online fraud. Using these credentials, instead of the common username/password identity mechanism, helps mitigate many of the risks that hackers [Read More…]

Online Lending – Best Practices Considering Millennials

Mass Affluent Millennials

The online lending marketplace is a rapidly evolving environment that will continue to grow and change.  Online marketplaces are transforming the way in which lending transactions take place, creating value for both lenders and borrowers alike.  But just like traditional lending practices, this new era of lending is accompanied by challenges that can’t be ignored. [Read More…]

What Banks and Credit Unions Can Do To Help Reduce HELOC Delinquency Risks

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With better data and analysis, lenders can be more prepared for home equity lines of credit recasts — and even take advantage of HELOC recasts to aid business growth. Here’s an interesting statistic: Over half of the home equity lines of credit (HELOCs) in the market — roughly 5.8 million — were originated during the housing [Read More…]

Income Data Alone Doesn’t Give You a Full View of Your Customer or Prospect

Differentiate “homogeneous” households

New products offer estimated discretionary spending capacity without sacrificing performance Organizations would like to be able to understand how much customers and prospects are able to spend on their products or services. To that end, being able to segment your customers and prospects based on estimated discretionary spending would be very useful. However, that is [Read More…]

Webinar Recap – ACA IRS Reporting with Intuit and Equifax

Alternative data tools help your bank meet today's big challenges.

Two weeks ago, Equifax published a survey with PwC on employers’ preparedness for ACA IRS reporting. The results were intriguing, and we wanted to learn more. So during a recent webinar with Intuit, the provider of Turbo Tax® software, we polled the audience and the outcome further proved that employers need an expert in their [Read More…]