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National Credit Regulator: Credit extension slows down
Thursday, 25 June 2015

The National Credit Regulator (NCR) today released the ‘Consumer Credit Market Report’ (CCMR) and the Credit Bureau Monitor (CBM), which are based on the data submitted to the NCR by registered credit providers and credit bureaus respectively. This latest edition of the reports covers credit market information up to March 2015. Nomsa Motshegare, CEO of the NCR, states that the total value of new credit granted decreased from R117.64 billion for the quarter ended December 2014 to R107.54 billion for the quarter ended March 2015, this was quarter-on-quarter decrease of 8.59%. This slowdown in credit extension was observed for all credit types.

ACHs join forces to optimize European clearing services
Thursday, 25 June 2015

Athens/Bucharest/Madrid/Milan/Utrecht/Warsaw, 25 June 2015. Six members of the European Automated Clearing House Association (EACHA) have joined forces to deliver centralized and optimized processing services for SEPA transactions.

NCR refers Finbond Mutual Bank to Tribunal for charging consumers excessive credit life insurance
Thursday, 18 June 2015
After conducting an investigation, the National Credit Regulator (“NCR”) referred Finbond Mutual Bank (“Finbond”), a registered credit provider to the National Consumer Tribunal (“Tribunal”) for charging consumers excessive and unreasonable credit life insurance, says Lesiba Mashapa, Company Secretary at the NCR.
ABA Report: Strong Job Gains Improving Purchase Volumes, Access to Credit and Ability to Pay
Thursday, 11 June 2015

WASHINGTON – The credit card market continued to grow in last year’s fourth quarter as new account growth accelerated and average credit lines increased for prime and super-prime borrowers, according to the American Bankers Association’s (ABA) latest Credit Card Market Monitor. 

Dodd-Frank Rules Continue to Restrict Mortgage Lending: ABA Survey
Tuesday, 09 June 2015

WASHINGTON — Ninety percent of the typical bank’s mortgage loans made last year were “qualified mortgages,” according to the American Bankers Association’s (ABA) 22nd annual Real Estate Lending Survey.

ACA International Supports the Consumer Financial Protection Bureau Accountability Act of 2015
Monday, 08 June 2015

June 5, 2015 – Washington, DC – ACA International, the association of credit and collection professionals, supports new legislation that would require that the Consumer Financial Protection Bureau be subject to the Congressional appropriation process. The bill has been referred to the Senate Banking Committee.

ING and Equens introduce efficient alternative to existing mandates - Launch of first digital DDM
Tuesday, 02 June 2015

Utrecht, the Netherlands, 2 June 2015 – Starting the 1st of June, customers of businesses and government agencies can pay for products and services using secure digital direct debit mandates (e-Mandates). ING is the first bank in the Netherlands to provide the e-Mandate service for its corporate customers. The e-Mandate service enables organisations to offer payment by direct debit through their websites. Equens, one of Europe’s largest payment providers, will handle the technical processing of these e-Mandates. The new solution is more efficient and user-friendly than the traditional, existing direct debit mandate (DDM).

High Street beats Cyberspace for money advice
Thursday, 28 May 2015

Human knowledge, intuition and responsiveness are still valued above technology when it comes to information and advice about financial services.

Growing through unconventional consumer segments: the unbanked and under-banked
Tuesday, 26 May 2015

A new report from Timetric’s Retail Banking Intelligence Center finds that the unbanked and under-banked consumers – people with no, or minimal access to formal financial services – have emerged as a potentially profitable segment for banks.

2015 Global Retail Banking Awards winners announced
Friday, 22 May 2015

Retail Banker International (RBI), the leading journal for the retail banking industry and a Timetric Briefing Service, has revealed the winners of the 2015 Global Retail Banking Awards, RBI’s 30th annual awards, sponsored by Fiserv.

Denmark opts for cashless - Will the UK follow suit? UK's cashless cities revealed by Worldpay
Thursday, 14 May 2015

Denmark has moved one step closer to becoming the world's first cashless society, as the government proposes scrapping the obligation for retailers to accept cash as payment. How quickly will other countries such as the UK begin to follow suit?

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