How Banks Can Cope with Rising Consumer Debt

Half of Americans find themselves burdened by personal debt, a reality that has been impacted deeply by current U.S. economic conditions.

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Turn your frontline into superior digital advocates, help your customers go digital, and nail your digital customer experience with LemonadeLXP. The Top 5 Impacts of Debt and What Banks Should Do About It Half of Americans find themselves burdened by personal debt, a reality that has been impacted deeply by current U.S. economic conditions. Read article. Banks Tighten Up as Card Delinquencies Jump Low-income borrowers with the highest levels of unsecured debt are showing signs of stress that banks must pay attention to. Read article. Should Banks Beware Credit Score 'Grade Inflation'? Stimulus payments and loan forbearance boosted credit scores during Covid. But do these 'inflated' scores reflect actual creditworthiness? Read article. How A Texas Financial Institution's Partnership Netted A 560% ROI Rave Financial needed to maintain its excellent customer service as it rapidly expanded. The right vendor helped them do it, with returns nearing 600%. Read more. Which Wins: Artificial or Actual Intelligence in Customer Retention? The hype surrounding AI may be overshadowing a crucial component to increasing retention and building long-lasting client relationships. Learn more.

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