Opinion on Retail Banking and Lending

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Type Product title / description Pub Price
CommentWire
CommentWire

Consumer debt: worries for less cautious lenders

Several years of buoyancy in the economy, as well as in the personal loan market, have left consumers heavily indebted but yet seemingly happy to borrow more. However, this leaves the market vulnerable to economic trouble. Even a mild downturn will affect many consumers and consequently their loan providers.

Published By Datamonitor
22 Jul 2003
CommentWire
CommentWire

Consumer debt: FSA warns of troubled times ahead

The FSA claims that consumer borrowing in the UK is unsustainable and warns that an economic correction could be "rapid and disorderly". Datamonitor's debt figures certainly support its concerns, showing that consumer debt soared to record heights in 2002. However, borrowing has remained affordable for the vast majority of consumers despite these slightly worrying figures.

Published By Datamonitor
23 Jan 2003
CommentWire
CommentWire

Consumer debt: dramatic rise in bankruptcies signals trouble ahead

Figures published by the DTI on Friday show a dramatic increase in personal bankruptcies in 2003. Consumers are more in debt than ever before and with changes to the insolvency regulation due to be implemented in April, this worrying rise may be the first of many more. The knock on effect for the lending industry could be immense.

Published By Datamonitor
09 Feb 2004
CommentWire
CommentWire

Consumer credit: UK lenders must look to opportunities abroad

The UK is responsible for a third of all unsecured debt in western Europe. The UK consumer credit market hit GBP215 billion in 2005 but is reaching saturation point, and UK lenders are advised to look oversees for business opportunities. The fastest growing western European markets, Turkey and Greece, are where the real opportunities exist, but only for players brave enough to enter.

Published By Datamonitor
27 Sep 2006
CommentWire
CommentWire

Consumer credit: government revisits lending practices, but potential changes remain uncertain

The UK coalition government recently announced the launch of an inquiry by the Department of Business, Innovation and Skills to decide whether interest rate limits on loans and cards should be capped. There is little to suggest that this will yield a different result to the previous investigation, aside from the strong and vocal support of various prominent Liberal Democrats.

Published By Datamonitor
28 Oct 2010
CommentWire
CommentWire

Consumer credit: facing an uncertain future

In its Financial Stability Review, the Bank of England suggested that high debt levels could be a source of vulnerability for the UK economy. Borrowing levels have certainly been high, but it should not be forgotten that they have allowed the UK to avoid the economic woes suffered by other EU states. However, that is not to say there are no risks in following this path.

Published By Datamonitor
14 Dec 2004
Expert View
Expert View

Consumer credit regulation: so who is footing the bill?

The long-awaited overhaul of the UK's consumer credit laws is fast approaching its end of October deadline. While the market is in need of a clearer regulatory regime, Datamonitor's Oksana Selezeneva warns that one of the effects of the new regulation could be higher cost of credit and greater difficulty in obtaining credit for those consumers with adverse credit histories...

Published By Datamonitor
14 Jun 2004
Expert View
Expert View

Consumer backlash leads to collapse of debit card fees in North America

Bank of America is the latest US bank to abandon plans to introduce monthly fees for debit card usage after significant public outcry against the move. Several banks floated the idea of introducing such fees to make up for lost revenue following the introduction of the Durbin Amendment. However, issuers will continue to look for new ways to make up this lost interchange revenue.

Published By Datamonitor
09 Nov 2011
CommentWire
CommentWire

ConSors: benefiting from speculation

Published By Datamonitor
04 Apr 2001
Expert View
Expert View

Consolidating identity management will help banks manage security operations

Security is a fundamental requirement for banks as they fight a battle on all fronts against fraud, identity theft and account breaches. Banks need to invest in consolidating identity management across the enterprise so that end-users can have a single sign-on across all product systems, channels and locations in order to facilitate and simplify identity management.

Published By Datamonitor
21 Jun 2007

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