Auriemma Roundtables

Next week, Auriemma Roundtables will share our latest analysis on auto repossessions and the state of auto lending. One trend is a sustained rise in sub-prime auto loan delinquency. According to our Auto Collections benchmark study, 12% of these loans are 2 billing cycles or more in arrears, a more than 20% uptick since the beginning of 2022. Stay tuned for more!

ICYMI: Our latest white paper examines how fraudsters are increasingly targeting regional and super-regional banks - those with less than $200 billion in assets. Learn more about the unique challenges these smaller banks face and how leveraging benchmark data can enhance fraud prevention strategies. Available for download here: https://lnkd.in/dJU_ysWu

Fraudsters are increasingly targeting what we identify as regional or super-regional banks – those with less than $200 billion in assets. For these institutions, data-driven fraud prevention isn’t a luxury – it’s a necessity. Learn about the challenges smaller institutions face and how leveraging benchmark data can inform fraud prevention strategies in Auriemma Roundtables' latest white paper, "Leveraging Data to Combat Bank Fraud," available for download here: https://lnkd.in/dJU_ysWu

As the 12-month student loan repayment “on-ramp” ends, millions of borrowers could soon see past-due payments reflected on their credit scores, and lenders need to prepare for the impacts. “Financial institutions may face heightened risk exposure as millions of borrowers risk delinquency and declining credit scores,” said Edgardo Torres, who leads the Auriemma Roundtables' Personal and Student Lending Collections Roundtable. “This could lead to a more cautious lending environment.” Read More: https://lnkd.in/eN87z4xA #studentloans

Next week, Auriemma Roundtables is dropping a new whitepaper on bank fraud, focused on discrepant outcomes between regional/super-regional banks (under $200B AUM) and larger institutions. According to our fraud data, we found new account closures linked to fraud were more prevalent at smaller institutions in 5 of the past 6 quarters. (New accounts are defined as those opened in the past 30 days.) “This trend suggests that fraudsters are increasingly able to bypass initial identify proofing and first-party fraud detection during the acquisition flow at smaller banks, causing them to take corrective action later,” said Auriemma Roundtables Bank Fraud Director Troy Huth. “For these banks, understanding how they stack up against their peers can be crucial in allocating finite fraud detection resources.” The full whitepaper will also detail evolving fraud threats facing institutions of all sizes, along with steps banks can take to confront them. #bankfraud 

Auriemma Roundtables is debuting a November session focused on best practices in Money Movement & Payments. Contact Edgardo Torres for information on getting involved!

Auriemma Roundtables is hiring! We are currently seeking a Sales Director for our Marketing Services offerings. If you're a goal-smashing sales leader who is passionate about turbo-charging clients' marketing strategies, check out the full job description: https://lnkd.in/gJfABd_d #hiring

One of Auriemma Roundtables' directors, Glenn Kranis, was interviewed for this Information Security Media Group (ISMG) article on how fraudsters leverage phony paystub providers to generate bogus employment and income documentation. Read more in the link below. #fightfraud #incomeverification #employmentverification

This October, Auriemma Roundtables will convene its Bank Branch Operations Roundtable to cover the key challenges and industry developments impacting the branch experience, footprint, efficiency, and more. Full details below, and contact Warren Murphy for more info. #bankbranch

The Fed announced a much-anticipated interest rate cut earlier this afternoon, slashing the Federal Funds Rate by 50 basis points. It’s the first cut since March 2020. We’ve shared a lot of insights over the past few months around how interest rates and inflation have affected benchmarks like credit card delinquency, auto loan delinquency, and auto loan originations, to name a few. We’ll be revisiting these metrics in the coming weeks and months to assess how this new expansionary policy affects our Roundtables. #interestrates #federalreserve