Weekly Coffee Break: Roundup of Industry News
Every week, we’ll share a roundup of industry news and fun links because these resources have informed, entertained, and inspired us.
Here’s our weekly roundup of industry news:
Top 10 Consumer Phone Scams – Phone scams target businesses, and use Google, loan, and credit card schemes to drive consumer fraud campaigns, according to Atlanta-based Pindrop Labs’ analysis of some 100,000 calls from 2016’s first half. Pindrop also found that 30,000 of the total calls studied were robocalls. While it is unclear what percentage of robocalls is fraudulent, Pindrop Labs revealed the top 40-scam campaigns account for more than 50% of robocalls.
CFPB Outlines Third-Party Debt Collector Rules – The CFPB outlined its plans Thursday to issue rules governing third-party debt collectors – regulations that credit union trade groups said will have little direct impact on credit unions. However, the agency said it plans to address first-party debt collectors on a separate track soon.
Robo Adviser Plans to Offer P2P Loans as Investments – Hedgeable sees the peer-to-peer business and personal loans as an alternative to fixed-income investments that are traditionally offered through exchange-traded funds.
10 Fintech Startups You Probably Haven’t Heard Of (Until Now) – When you’re in financial services, it sometimes seems like fintech startups are everywhere. They’re on Twitter, LinkedIn, they’re at conferences, they’re in your inbox, they may be waiting outside your office this very minute. But for each one you’ve heard of, there are ten you probably haven’t come across yet, and one of them might have the idea you’ve been looking for. In that optimistic spirit, here are ten such startups for you.
Looking to Capture More Auto Loans? – Is your strategy to capture more loans going the distance? Are the right pieces in place to support a full press ahead when it comes to going after all the business? Many credit unions have a plan to capture more loans, but it falls short. Bridging the gap between rates, member messaging and optimizing dealership relationships will get your credit union where it needs to go.
Mid-Year Review of 2016 Retail Banking Trends and Predictions – Six months ago, we surveyed a panel of close to 100 global financial services leaders for their thoughts around 2016 retail banking and credit union trends and predictions. The crowdsource panel including bankers, credit union executives, industry analysts, advisors, authors and fintech followers from Asia, Africa, North America, South America, Europe, and Australia.