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July 27, 2012

Yesterday's investor call held by Green Dot paints a fascinating picture of the fluctuations in the prepaid market. I would encourage anyone interested in the prepaid space to read it.

It covered several significant events. On the positive side, Green Dot signed up some new program manager partnerships. On the negative side, Green Dot says it will lose several exclusive retail partnerships. That,

July 26, 2012

What price would you put on your privacy?

Ask yourself: how much of a discount would you expect to get from your mortgage banker in exchange for a list of your friends and your professional peers? Would you swap it for 25 basis points on a 30-year mortgage?

July 25, 2012

A tribal lender is offering a short-term credit product that can be appended to prepaid cards.

The lender, First American Surecash of Box Elder, Montana, will advance ten dollars for a fee of $1.60. There

July 24, 2012

Bank Talk commenters often weigh in with strong opinions about the value of high cost credit products. There is little debate about what should constitute the divining barrier between reasonable and high-cost. Most focuses on the validity of the product type itself and the integrity of those who would critique its use.

July 19, 2012

A group of advocacy groups (including mine) report evidence today of a two-tiered mortgage market characterized by high rates of government-backed loans made both to borrowers in communities of color and to borrowers of color in a new report, "Paying More for the American Dream VI: Racial Disparities in FHA/VA Lending."

July 18, 2012
  1. There are 2.2 million people over the age of 60 who still have student loan debt. Collectively they own $43 billion. Each averages slightly more than $19,000 in outstanding loan principal balance.
  2. Debt loads are highest for borrowers in their 30s. Average debt load for this group is a
July 17, 2012

I think it is a mistake to view the Tandem Money card as an "all-good" or "all-bad" proposition.

Last week I wrote an extensive entry about Tandem Money. At the moment, that entry is the first non-paid reference to the card on Google.

July 17, 2012

We may be witnessing the end of the bank branch.

According to a new study out this week from Cornerstone Advisors, small and mid-sized banks are getting little use from their branches. The study costs $995 to buy but Tom Brown at Bankstocks offered a short synopsis of the findings. The headliner is that typical bank branch for

July 16, 2012

A new report from IDC Financial Insights documents a substantial shift in the adoption and use of mobile payments, but the driving factors in those numbers undermine the significance of the purported changes. It is a meaning which the author, Aaron McPherson, readily acknowledges but still one that deserves to be emphasized further.

When you read that one-third of Americans have made a mobile payment, it suggests that the

July 12, 2012

Credit is back on prepaid, but in a new iteration that sheds much of the baggage associated with the MetaBank i-advance. Tandem Money is in the process of beta testing a new product that combines a spend, a save, and a line of credit function on one card.

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