Federal Reserve Raises Interest Rates to Highest Since 2007, Sees Higher Rates in 2023

MarketingBlog

On Wednesday, December 14th, the Federal Reserve raises short-term interest rates by .50%, the highest since 2007, and suggested that will continue in 2023. The Fed funds rate range is currently at 4.25%-4.5%. The .50% increase on Wednesday was a reduction from the previous .75% increase seen at each of the last four policy meetings. This was the most aggressive …

Credit Unions Gain Top Share of Auto Lending in US for First Time

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Experian reports in their “State of the Automotive Finance Market” paper, that credit unions have earned the largest share of automotive financing in the US by producing more auto loans than banks or other lenders. They have topped the market by producing more than 30% of all auto loans. The report also shows that credit union-funded auto loans rose by …

3 reasons why accounts receivable management is one of the fastest growing field of 2023

MarketingBlog

The accounts receivable management industry has been rapidly expanding due to increased demand for professionals with expertise in this area, as well as the growing use of technology in the field. As businesses continue to grow and evolve, there is likely to be an increased demand for in-house and third-party accounts receivable professionals who can help businesses manage and collect …