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CFPB Report Highlights Concerns Over Cash-Back Fees at Major Retailers

September 2024

A recent report from the CFPB reveals that Americans are paying millions in cash-back fees at retailers like Dollar General and Kroger just to access their own money. These fees are hitting hardest in communities…

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Core Banking Reimagined: The Rise of Modular Solutions in Financial Technology

September 2024

The unbundling of core banking systems, where traditional platforms are being replaced by specialized solutions, has led to expanded growth opportunities within the industry. The shift enables financial institutions to select and integrate best-of-breed technologies,…

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July 2024 Dealertrack CAI Report: Decline in Auto Credit Availability and Its Impact on the Industry

September 2024

The July 2024 Dealertrack CAI report highlights a significant decline in credit availability within the auto industry, impacting dealership operations and customer financing options. The All-Loans index continued to decrease to 92.9 in July down…

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Fed Chair Powell Signals Imminent Interest Rate Cuts

September 2024

Federal Reserve Chair Jerome Powell stated in his August press conference that it is time for the central bank to consider cutting interest rates, marking a significant shift in policy. The move is driven by…

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Automotive Market Uncertainty Fuels Dealer Pessimism

September 2024

A public survey of automotive dealer sentiment for Q2  2024 reveals a stable yet cautious outlook among auto dealers. Despite concerns stemming from a weaker-than-expected tax refund season and ongoing political and economic uncertainties, some…

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