Category Archives: Consumer Lending

Competition in consumer lending market

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During the past 15-20 months, the sector of consumer lending has been increasing by about 30-40% annually. Moreover, market participants believe the boom of consumer lending is yet to come. According to experts, at present loans for the purchase of household appliances hardly reach 10% of GDP, whereas in the developed countries the same figure exceeds 30%.

Learn what it takes to be a Customer Service Representative with our Consumer Lending Group. Hear from one of our Customer Service Supervisors about the Customer Service Representative day to day responsibilities, and the qualities and skills successful candidates should have. In addition, you’ll learn about the training program for this role and about career development opportunities.
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Consumer Financial Protection Bureau Actually Hurting Consumer Lending

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Consumer Financial Protection Bureau Actually Hurting Consumer Lending

< iframe size="425" height="355" src="" frameborder="0" allowfullscreen >< img alt="Consumer Financial Protection Bureau Actually Hurting Consumer Loaning" src=""/ > Former BB&T CEO John Allison on a potential rollback of economic policies as well as its effect on bank financing. Stuart Varney
Fox Business: Varney & Co. w/ Stuart Varney.
Fox Company
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Insights: The Future of Consumer Lending: Big Need Means Big Opportunity

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A significant market segment is emerging as a result of the financial crisis. According to a recent survey conducted by the Deloitte Center for Financial Services, 22 percent of Americans with bank accounts experienced a serious negative credit situation during the last two years, and 11 percent were first-time defaulters — consumers who had never fallen into delinquency before.
The latest episode of Deloitte Insights features a conversation among moderator Sean O’Grady, Andrew Freeman, executive director, Deloitte Center of Financial Services, and Deron Weston, principal, Deloitte Consulting LLP. Tune in to learn more about the survey and the opportunity this new consumer segment represents for banks that can help them with their credit needs.
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On February 26, 2015, Andrew Hertzberg, Assistant Professor of Finance and Economics at Columbia Business School, presented Maturity Choice in Consumer Lending. The presentation was part of the Program for Financial Studies’ No Free Lunch Seminar Series titled Current Research on Financial Institutions.

The Program for Financial Studies’ No Free Lunch Seminar Series provides broader community access to Columbia Business School faculty research. At each seminar, attended by invited MBA and PhD students, faculty members introduce their current research within an informal lunch setting.

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Our great México….once once again someday…

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Take a look at these customer lending photos:

Our great México….once once again someday…
consumer lending
Image by Constantino1453
The billboard and press promotion, developed by marketing company TeranTBWA and from now on working in Mexico, is a colorful chart depicting exactly what the Americas might seem like in an "Absolut" — i.e., perfect — globe.

The U.S.-Mexico border lies in which it had been ahead of the Mexican-American war of 1848 whenever Ca, once we now understand it, was Mexican area and referred to as Alta Ca.

Following war, the Treaty of Guadalupe Hidalgo saw the Mexican regions of Alta California and Santa Fé de Nuevo México ceded towards United States to be modern California, Texas, New Mexico, Utah, Colorado and Arizona. (Tx actually separated from Mexico years early in the day to create a breakaway republic, and had been voluntarily (voluntary?????) annexed because of the usa in 1846.)

The campaign taps to the national pleasure of Mexicans, according to Favio Ucedo, innovative director of leading Latino marketing and advertising company Grupo Gallegos when you look at the U.S., which was maybe not mixed up in Absolut campaign.

Ucedo, that is from Argentina, stated: “Mexicans mention the way the People in america stole their land, which means this is the means of reclaiming it. It’s very appropriate and Mexicans will love the idea.”

But he stated which were the campaign to operate in the usa, it might fall flat.

“Many individuals aren’t likely to understand it right here. Us americans in East and the North or in the biggest market of the county — I don’t determine if they know a great deal in regards to the record.

“Probably Americans in Tx and California understand perfectly and I also don’t discover how they’d take it.”

Meanwhile, the campaign has been circulating regarding the blog sites and producing strong reactions from individuals north regarding the border.

“I discover this ad profoundly offensive, and unnecessarily divisive. I’ll now make a spot of consuming other brands. And ‘vodka and tonic’ is my drink,” stated one visitor, called brand new Yorker, on

Reader Paul Green adopts a discussion on the weblog Gateway Pundit of perhaps the U.S. territories ever belonged to Mexico originally, together with News12 Long island site welcomed individuals boycott Absolut, with one individual, called LivingSmall, writing: “If you drink Absolut vodka, it is possible to voice your approval or disapproval for this advertising with your acquisitions. I am aware I will be changing to Grey Goose or Stoli and will never have another container of Absolut in my own residence.

“Hey Absolut … that is my form of social discourse.”

From L . A . Instances:

From the Associated Press
6:58 PM PDT, April 5, 2008

MEXICO CITY — The Absolut vodka business apologized Saturday for an ad promotion depicting the southwestern U.S. as part of Mexico amid frustrated calls for a boycott by U.S. consumers.

The promotion, which promotes perfect situations beneath the motto "In an Absolut World"; revealed a 1830s-era map whenever Mexico included California, Texas as well as other southwestern says. Mexico nevertheless resents losing that territory within the 1848 Mexican-American War while the battle for Texas liberty.
At this point, we disagree, because, we say it absolutely was an intrusion, not a "war"
Nevertheless the advertisements, which went just in Mexico while having since concluded, arrived since the usa builds its border security amid an emotional discussion over unlawful immigration from their particular southern next-door neighbor.

Over a dozen calls to boycott Absolut had been posted on, a Web site operated by traditional columnist Michelle Malkin. The advertisements sparked heated comment on a half-dozen various other Internet sites and blogs.

"certainly not had been it supposed to upset or disparage, nor does it advocate an altering of edges, nor does it lend assistance to your anti-American belief, nor does it reflect immigration issues," Absolut said in a statement left on its consumer query phone line.

Some fringe U.S. groups in addition claim the land is rightfully element of Mexico, while severe immigration enemies argue elements of the U.S. already are being overtaken by Mexico.

"In an Absolut world", a business that produces vodka fires its entire marketing division in a desperate attempt to regain enraged North American customers after a devastating advertisement promotion backfires.

A plan for comprehensive immigration reform built to cope with an estimated 12 million undocumented immigrants in the United States — the vast majority from Mexico — folded last summertime under the emotional fat for the discussion.

Absolut said the ad was made for a Mexican market and designed to recall "a time which the populace of Mexico might feel had been more ideal"

"As a global company, we notice that men and women in numerous countries may lend various views or translate our adverts in a different way than ended up being intended because marketplace, as well as for that individuals apologize"

Vin & Sprit, Absolut’s Sweden-based moms and dad organization, are going to be obtained by French nature manufacturer Pernod Ricard SA under a price achieved a week ago.

International Consumer Lending – Will U.S.-based financial organizations be ready?

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Global Economy: Trade is growing globally in today’s scope of consumer lending. There are many reasons for this growth, not the least of which is technology. Due to enhanced communication opportunities today, international trade is much more practical. Now more than ever, consumers and businesses have access to the very best products from many different countries. Expanding technology has also increased the competition among countries as to who can produce the newest or best technology. To develop the accommodations of the new trade, countries in the last several decades have taken increasing steps to promote global trade.

Foreign exchange transactions are becoming more and more common with the ease of automated online lending. Will the foreign lenders continue to attract the attention of the American purchasers? We have already seen an increase in foreign transactions with the purchase of online goods, and air/travel reservations.

Who protects the consumer who accesses the international lending opportunities? The globalized trade market is currently governed by the Federal Trade Commission (FTC). The FTC focus is to protect the consumer from harm, while enhancing the economic benefit and the choice of the consumer.

International lending has opened up crime-based activity to a global environment, allowing traditional theft to emerge on a whole new level. Will this type of fraud and theft in the global market change the rules of international lending? There may be a chance the FTC steps in and changes the way we are lending and funding loans or purchases. Will you be ready to comply?

With consumer protection laws continually on the rise, how will this affect the international lending laws? Will the U.S. become adaptive to the way of our international lenders? It would appear that the U.S. consumer lending laws are sophisticated, while allowing the flexibility and ease of use to fund a consumer loan… as long as the rules are followed.

It may be that the future of our lending practice is in the hands of the prevailing financial system (that may not be the U.S.) and that all countries are held to the same consistent lending practices. Will your credit union be ready to comply with a mandatory international consumer lending standard?

Here is where the good news comes in. Your credit union’s lending operations may be affected by the ongoing global financial industry changes, and today your forms remain compliant with current credit union rules and regulations, especially if provided by Oak Tree. Rest assured that Oak Tree is continually “trend watching” and will be at the forefront of any changes to your forms brought about by any source, including international trends .

Contact us to find out how to be prepared for any change, whether it be local or global. Oak Tree Business Systems, Inc. is always ready to provide you with the most relevant credit union industry information.

To read similar articles please visit Oak Tree Business Systems, Inc. August 2016 Advantage – The Lending Olympics.