🤑All Talk, No Cash: Why Trade Associations Are Like That Friend Who ‘Forgets’ Their Wallet!💔
Alternative Financial Services Industry Fights CFPB All right, let’s break this down in simpler terms. You’re in the small-dollar lending business, and there’s some legal stuff going on that could affect you. The CFPB, or Consumer Financial Protection Bureau, made a rule about small business lending. Some trade associations are telling the CFPB to hit […]
2024-Navigating the Texas Credit Access Business CAB & CSO: A Comprehensive Guide for CABs, CSOs, 3rd-Party Lenders, Regulators & Consumers
The personal lending landscape can be complex, filled with various regulations and guidelines that lenders must navigate. Texas, known for its robust economic environment, is no exception. One option available to lenders in Texas is to operate under the Credit Access Business (CAB) / Credit Services Organization (CSO) model with a 3rd-party lender. This blog […]
Cost Per Funded Loan: The Ultimate Efficiency Hack for Lenders
💰📊💡 Looking to take your lending business to the next level? You’re in the right place! This blog post unravels the magic behind a powerful metric called Cost Per Funded Loan (CPFL). Whether you’re a seasoned lender or just getting started, understanding and optimizing your CPFL could be the game-changer that skyrockets your efficiency and […]
Insider Secrets: 70 KPIs Top Subprime Lenders Use to Dominate the Market!
As a highly regarded consultant in the B2C subprime lending industry, I understand the importance of tracking various key performance indicators (KPIs) to maximize loan portfolio performance, minimize subprime borrower defaults, and earn a maximum return on investment (ROI) on balance sheet capital. Below is a comprehensive list of 70 critical KPIs for subprime lenders: […]
Leveraging the Refinancing Rate [RR]: A Powerful KPI for Subprime Lenders
Introduction The Refinancing Rate (RR) is a crucial Key Performance Indicator (KPI) for subprime lenders seeking to understand their loan portfolio’s performance. The RR reveals the proportion of loans that get refinanced within a specific period, providing valuable insight into the sustainability of your portfolio. The Importance of Refinancing Rate The Refinancing Rate [RR] is […]
KPI: Cross-Sell Ratio [CSR] for Subprime Lenders
Boost Your Bottom Line: Cross-Sell Ratio Tactics for Subprime Lenders Definition and Precise Measurement of CSR: The Cross-Sell Ratio refers to the ratio of the number of products or services sold per customer. It measures how effectively you can increase the number of services or products a single customer uses. For your lending institution, it measures […]
Subprime Lender Loan Charge-Off Rate (LCR) – Definition and What It Measures
Loan Charge-Off Rate (LCR) – Definition and What It Measures The Loan Charge-Off Rate (LCR) is a Key Performance Indicator (KPI) that quantifies the rate at which a lender’s loans are deemed unlikely to be recovered and written off as a loss. It measures the risk and effectiveness of a lender’s credit decisions and recovery […]
Supreme Court Rocks the Boat: Native American Tribe Lenders Subject to Bankruptcy Laws
In the case of Lac du Flambeau Band of Lake Superior Chippewa Indians v. Coughlin, the Supreme Court ruled that Native American tribes are subject to bankruptcy laws like any other creditors. Lac du Flambeau Band owns an online payday lending operation and argued that their sovereign immunity excluded them from an automatic stay of […]
The $500 Loan That Shook the Financial World: An Allegory of Hope and Resilience
I Had a Dream That Shook the Financial World Once upon a time, in a bustling town filled with towering buildings and busy streets, there lived a humble individual named Alex. Alex had always been a hardworking soul, dedicated to his job and striving to make ends meet. However, life had thrown a series of […]