The Disruptive Force of the Overbanked Consumer

By Brian Buckingham0:00 AM




Banks and credit unions face a significant portfolio risk when financially literate, tech-savvy and affluent consumers reevaluate their relationships with multiple providers.
For nearly a decade, the Federal Reserve has held short-term interest rates at record low levels. With lift-off now behind us, and interest rate increases likely to continue over the coming few years, the banking industry is faced with some marked shifts from the last rising rate environment in 2006.

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