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Trends and Challenges in Commercial Banking: Expert Insights from Walt Boyer

Trends and Challenges in Commercial Banking: Expert Insights from Walt Boyer

The commercial banking sector is undergoing significant transformations driven by technological advancements, regulatory changes, and evolving customer expectations.

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Bankruptcy Filings Continue Upward Spiral May Filings Rise by 16.3 Percent Over Last Year

Bankruptcy Filings Continue Upward Spiral May Filings Rise by 16.3 Percent Over Last Year

Bankruptcy filings continued the upward spiral that begun last year, with 16.28 percent more filings in May compared to the same month in 2023. Comparing filings to the same month in the previous year provides the best gauge of trends because it factors out seasonal differences.

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The New Banking Era: A Strategic Perspective on the Cornerstone Report

The New Banking Era: A Strategic Perspective on the Cornerstone Report

The recent Cornerstone Advisors' report is more than an annual summary; it's a compass for navigating the banking sector's shifting tides. Its purpose is clear: to aid financial institutions and their tech partners in grasping the pulse of the industry and preparing for the waves of change. This resonates deeply with those of us who are entrenched in these waters.

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Navigating New Norms

WHITE PAPER:
Navigating New Norms
Outsourcing as a Catalyst for
Mortgage Service Excellence

As the mortgage sector navigates through complex market dynamics, the primary objectives for many organizations remain the same: master cost efficiency, ensure the delivery of high-quality service, and effectively scale operations.

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CASE STUDY: Tailoring and Scaling Specialized Support to Meet the Dynamic Needs of a Mortgage Servicer

AIS partnered with a Top 5 mortgage servicer to help enhance service quality performance, increase operational efficiencies, and reduce departmental expenses.

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CASE STUDY: Enhancing Accounts Receivable Efficiency for a Premier Invoice Factoring Firm

A leading specialty finance company recognized the need to enhance their accounts receivable processes to stay competitive.

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CFPB Funding Scheme Survives Supreme Court Challenge

CFPB Funding Scheme Survives Supreme Court Challenge

In a 7-2 decision, the U.S. Supreme Court upheld the mechanism for funding the Consumer Financial Protection Bureau (CFPB). The stakes were high for the CFPB, which had said that an adverse decision would threaten “the validity of virtually all CFPB past actions.”

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Bipartisan Bill Introduced to Extend Subchapter V

Bipartisan Bill Introduced to Extend Subchapter V for Small Businesses and American Bankruptcy Institute Released Study on the Law’s Effectiveness

At last week’s AIS webinar, we gave you an update on the upcoming expiration of the increased debt limits for chapter 13 debtors and small businesses. The limits were raised during the pandemic and are set to expire in June. After the webinar, and within the last few days, there were two new developments:

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AIS Fortifies Consumer Finance Capabilities with Hiring of Subbu Rajasimhan

HOUSTON, Texas (February 20, 2024) – AIS, a professional services and technology firm providing quality back-office talent and automation, is pleased to announce the hiring of Subbu Rajasimhan as its new Managing Director of Consumer Finance.

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Bankruptcy Insight Report - April 2024

In April 2024, total bankruptcy filings reached 45,608, marking a surge of 28.5 percent compared to April 2023. The significant uptick persisted even after adjusting for two extra weekdays this year, with filings increasing by over 20 percent. This growth exceeds last year's increase of 17.6 percent, indicating a consistent upward trend in 2024.

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Bankruptcy Insight Report - March 2024

March saw a noticeable slowdown in the frantic pace of bankruptcy filings. Total bankruptcy filings in March increased by 4.88 percent compared to the same month in 2023. This rise is modest when juxtaposed with the 22.32 percent year-over-year surge in February, and the 17.6 percent overall increase observed throughout the previous year.

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Bankruptcy Insight Report - February 2024

The February AIS Insight Report reveals bankruptcy filings totaled 39,027, marking a 22.3% increase from February 2023, outpacing last year's growth of 17.6%. Our analysis shows a notable 23.2% rise in Chapter 7 liquidations, robust 17.9% increases in Chapter 13 filings, and a striking 133.1% jump in Chapter 11 filings when compared to the same month previous year. Of note, the 3,755 daily filing total on February 29th represented the highest daily filing total since August 2020.

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