Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
NEW YORK, Oct. 14, 2014 (GLOBE NEWSWIRE) -- The second quarter 2014 Payments Expectations Index reflects two interesting developments. First, we noted a moderation in the cost of compliance for our issuer reporting group. Although over 40% of the issuers reported increasing expense of compliance, the majority reported no change or a reduction in this area. This has been a long time coming, but we did eventually expect to see a gradual leveling off of the rate of increase in compliance costs. The CARD Act is now several years old and issuers have adapted to the business process changes mandated by the change in law. Beyond The CARD Act there are other legal and regulatory changes that we expect to have impact in future quarters, hence this modest improvement in regulatory climate may in fact be short lived.
The second development we noted was the continued improvement of our credit metric component of the index. This is astonishing because the industry credit experience has been exceptionally good for such a long period and we are somewhat surprised that the forward outlook continues to signal strong performance. While we do expect an eventual "reversion to the mean", we have not yet detected a sign of this.
The PE Index, launched in February 2013, combines four key performance indicators – profitability, credit risk, consumer sentiment, and regulatory compliance – into one index designed to measure and forecast the outlook for the credit card industry.
The PE Index at Q1 2014 is now 70.41, up from 63.08 at 2013 year end. We continue to see the card business as healthy and remain optimistic about the industry through the remainder of 2014.
Please visit www.acg.net to view this and other press releases on the Auriemma Consulting Group website.
About Auriemma Consulting Group and the PE Index
Auriemma Consulting Group (ACG) is a boutique management consulting firm with specialized focus on the Payments and Lending space. We deliver actionable solutions and insights that add value to our clients' business activities across a broad set of industry topics and disciplines. Founded in 1984, ACG has grown from a one-man shop to a nearly 50-person firm with offices in New York and London.
The PE Index is based on ACG research and is informed by both public and proprietary data. For more information, please contact John Costa at (212) 323-7000 or email@example.com.
Source:Auriemma Consulting Group