Credit Risk
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For our February 10 Market Pulse webinar, we discussed Buy Now, Pay Later and their effect on [...]
As Buy Now, Pay Later (BNPL) transaction volumes continued to rise through the holiday season, one o [...]
We had an overwhelming attendance and response at this month’s Market Pulse webinar on the rising [...]
Recent Articles
Many lenders frequently use income estimates to help inform their decisions. For example, income estimates are often used to help evalua [...]
The current economic climate presents challenges that directly impact consumer affordability. Between persistent supply chain disruptions, [...]
It’s a pivotal time for the automotive industry, one filled with both challenges and significant opportunities. This sector is used to n [...]
The traditional auto lending process can be a long and arduous journey, met with anxiety and frustration for the customer. In fact, cust [...]
Our experts, Anna Fisher, Vice President, Alternative Finance, and David Sojka, Risk Advisor, discuss the AltFi space and how alternative [...]
Open banking is a financial services model that allows third-party providers to access a consumer's bank transaction data with their per [...]
It’s no secret that auto affordability remains an issue for consumers. High auto prices and high interest rates are an ongoing challenge [...]
The New Normal The automotive industry is in radical transformation. Who will succeed? The automotive industry’s success depend [...]
In the latest episode of the Market Pulse podcast, the Equifax Risk Advisors team delves into the current eco [...]
During our Market Pulse webinars, our audience submit questions each month to our expert panel. For our June Market Pulse webinar our pane [...]
Model efficiency and performance is the key Any company that leverages credit data from multiple credit bureaus is likely fami [...]
In the ever-evolving landscape of auto financing, a multitude of factors shape market dynamics. From shifts in lender strategies to chan [...]
Published in May 2024, our U.S. National Consumer Credit Trends Report on Originations¹ provides trends in auto loans, leases, and dee [...]
The current dynamic economic landscape presents a complex challenge for lenders. They have relied on traditional credit scores to assess [...]
Unleash the power of Equifax alternative data and AI-powered risk decisioning from Provenir As a financial services provider, you [...]
Welcome to the May 2024 Market Pulse Webinar recap. Our goal is to keep you plugged in to what you need to know to navigate today's econ [...]
The March Market Pulse webinar resonated deeply with our audience. It delved into the complexities of affordability and its effects o [...]
Artificial Intelligence (AI) is all the rage right now. At a recent conference that I attended, a guest speaker was asked, “What’s the f [...]
During March’s Market Pulse webinar, we gave our audience what they have been requesting: extended time for Q&A with our premiere li [...]
In today's fast changing economic environment, staying informed about macroeconomic trends is essential for businesses across various se [...]
Risk management is a multifaceted field that remains an enigma to many. In the latest episode of the Market Pulse podc [...]
Shift into high gear In our energetic February 2024 Market Pulse webinar, our experts presented a roadmap for driving success [...]
Our January Market Pulse webinar discussed all aspects of affordability in our current financial market. Our experts shared their deep k [...]
Nobody likes wasting time and money…and yet, insurance carriers present rate quotes for home and car insurance without knowing their rea [...]
During our December 7 Market Pulse webinar, experts shared insights, empowering you to look back at the economic and consumer landscap [...]
During the final Market Pulse webinar of 2023, we took a look at the past year’s economic and consumer landscape and then presented an e [...]
During our November 16 Market Pulse webinar, experts shared insights and actionable advice, empowering you to navigate the intricate t [...]
Take the full capacity of the largest college football stadium (“The Big House” at the University of Michigan at 107,6001) and multiply [...]
The warning signs are all around us: many consumers are financially stressed. Already, consumers are getting squeezed by high inflation [...]
When we speak with our credit union clients, we often bring up the potential impact of student loan debt. After all, student loans are h [...]
In the fast-paced world of finance and economic policy, staying ahead of the curve is essential for success. The September 2023 Market Pul [...]
We are in uncharted economic territory. This month’s Market Pulse webinar is a must-listen to get ahead of the economic fluctuations we [...]
In our first article in this series, we discussed the magnitude of the student loan debt. Over 43 million student loan borrowers. Over $ [...]
The last three years has brought a range of micro and macroeconomic storms. Shifts in spending behavior and the influx of [...]
This is the first of a two-part blog series. Look out for the second article to learn how lenders can prepare to address student loan risk [...]
In a murky and mysterious economic landscape, there can be uncertainty and hesitation. In July’s Market Pulse webinar, we discussed key [...]
Millions of consumers will have to budget for another monthly payment in October. That’s when the federal student loan [...]
We live in a fast paced digital era. That's why banks and financial service providers are looking for innovative ways to engage customers [...]
You’ve seen it before: A borrower’s application - approved. Credit obligations and documentation - checked. [...]
Fraud is an ever-present threat. It is especially harmful at a time when credit unions are needing to shore up liquidity and fight for e [...]
The nation’s consumers are becoming even more financially diverse. Think about young consumers and the growing number of immigrants who [...]
One action credit unions can take to gain control in an uncertain environment is to effectively use portfolio reviews. That way they can [...]
If you’re an Insurtech innovator, it’s time for a rethink. After a red-hot funding cycle in 2021, investment in the Insurtech space is c [...]
During these challenging economic times, lenders need to strike a balance between growing their lending portfolios and managing risk. In [...]
Even with rising interest rates and economic uncertainty, consumers are still expected to seek out new unsecured loans and lines of credit [...]
For lenders, today’s economy is causing some angst. While lending remains strong, many lenders are concerned about growth. How can they [...]
Spoiler alert: it’s NOT what you think of when you think “Equifax” Everything you do as a credit union centers around your member [...]
Reporting can be a pain point for many lenders. Yet, it’s an important part of ensuring lenders get an accurate picture of a consumer’s [...]
We’re talking weeks, not months, or years A lot of businesses feel “stuck” in today’s uncertain market, unsure about how to get [...]
In today’s shifting economy, many credit unions continue to focus on maintaining adequate liquidity. Lower interest rates over the past [...]
From record inflation and rising interest rates, to wavering consumer spending power and a potential hiring slowdown, the ever-changing [...]
Big banks are flush with data and analytic resources. Optimizing their credit risk models is a seamless, efficient process. It’s [...]
You might be asking yourself the $20 trillion-dollar question: are we in a recession? And, what does that mean for risk in my portfolio? [...]
Credit union marketers have a full plate. They need to attract new members, deepen relationships with existing members, and provide a positi [...]
Confidently serve below-prime members by seeing the bigger picture Approved. It’s a magic word. Especially for the estimated 77 [...]
As U.S. consumers continue to migrate their shopping habits toward online merchants and become more aware of point of sale financing alterna [...]
Powering the world with knowledge For borrowers and lenders alike, the last two years have been a time of change. There has b [...]
For our February 10 Market Pulse webinar, we discussed Buy Now, Pay Later and their effect on consumer credit scores, plus consumer cr [...]
We had an overwhelming attendance and response at this month’s Market Pulse webinar on the rising financial service, Buy Now, Pay Later [...]
As Buy Now, Pay Later (BNPL) transaction volumes continued to rise through the holiday season, one of the most asked questions is, how does [...]
For our December 2 Market Pulse webinar, our panel of experts discussed the current and future state of the energy industry. This month’ [...]
Fireside chat with Just Energy In our December 2 webinar, our moderator, Rissa Reddan, Demand Generation Leader of U.S. Informati [...]
Buy Now, Pay Later has continued global growth, with U.S. adoption up sharply over the last two years. The service, which originated from Au [...]
For our December 2 Market Pulse webinar, our panel of experts discussed the current and future state of the energy market. This month’s [...]
Buy Now, Pay Later (BNPL) financing is soaring in popularity this holiday season. Consumers are using these loans to purchase everything fro [...]
Today, financial institutions need to be agile, fast, and flexible to keep pace with the changing market and customer dynamics. Digitizati [...]
The mortgage industry is constantly changing. But these lending FAQs can help you keep up with the latest trends and gain a competitive edge [...]
Buying a home can be stressful and confusing — especially if a consumer is trying to learn about credit and how their credit score can impac [...]
The rate of change in the auto industry is accelerating. And it’s not powered by just one factor; it’s a complex mix of industry and soc [...]
This is a recap of our October 20 Small Business Insights webinar, where our very own Sarah Briscoe, Lead Commercial Statistical Analyst [...]
This is a recap of our October 7 Market Pulse webinar, where we discussed the importance of credit unions in gaining access to credit. T [...]
Successful credit unions work hard to attract new members, strengthen existing member relationships, and give the community direct access [...]
Small business continues to dominate news headlines. In this recap of our webinar, “Small Business Insights: August 2021,” Elaine Makdah, [...]
One-On-One Chat with CEO of Markaaz This is a recap of our one-on-one chat during our August 18 Small Business Insights we [...]
The economy is recovering and the outlook for small businesses is continuing to remain strong. Fintechs have started to step away from t [...]
Consumers and businesses need access to credit and lending to live and perform. Yet, 91.5 million consumers struggle to gain access to [...]
As the economy recovers the outlook for small businesses remains strong. Fintechs have started to step away from traditional credit data [...]
The banking landscape is changing. Challenger banks, also known as neobanks, have taken off in popularity, especially since more people [...]
Updated 5/11/2023: The White House declared the end of the Covid-19 Health Emergency May 11, 2023 so some of the details mentioned in th [...]
Post 2020, financial inclusion is the common theme This week, top data and analytics experts from Equifax and around the world [...]
As most of the country opens back up, the Automotive Industry continues to see pent-up consumer demand, inventory shortages, and increas [...]
At the Virtual Consumer Data Industry Association (CDIA) Law & Industry Conference on July 12-14 2021, Peter Maynard, Senior Vice Pr [...]
A More Inclusive Credit Scoring Model Economists refer to the U.S. recovery as ‘K-shaped’, meaning that one segment of the population is pr [...]
In this recap of our June 24 webinar, “Market Pulse: Accelerating Access to Credit,” Chris Wheat, Co-President at JPMorgan Chase Institu [...]
Demand Growing for Small Business Credit With economists predicting a GDP growth rate of 6.5% in the fourth quarter and consumer spending b [...]
In this recap of our June 3 webinar, “Market Pulse: The Post-Pandemic Small Business Economy,” Evan Leaphart, Founder and CEO of Kiddie [...]
As we emerge from the pandemic, small businesses are integral to the health of the post-COVID economy. For our June 3 Market Pulse webinar [...]
Many businesses operate in a transactional environment that requires fast credit decisioning. However, a variety of obstacles prevent them [...]
Updated 5/11/2023: The White House declared the end of the Covid-19 Health Emergency May 11, 2023 so some of the details mentioned in th [...]
Equifax has come a long way since its founding in 1899 by a pair of Tennessee-based grocers. Those long-ago grocers compiled lists of cu [...]
Memorial Day weekend, the much-anticipated kick-off to the summer automotive sales season, is right around the corner. For most auto dealers [...]
This is a recap of the April 1 webinar, Market Pulse: The Tide is Turning. We are sharing key insights on the U.S. economy and consumer [...]
Are you monitoring for undisclosed debt throughout the loan closing process? The high-risk blind spot in the origination process i [...]
With an increase in vaccinations, a second stimulus check and a wealth of pent-up demand, consumers are ready and willing to spend. For [...]
Updated 5/11/2023: The White House declared the end of the Covid-19 Health Emergency May 11, 2023 so some of the details mentioned in th [...]
After a year of credit tightening in 2020, consumer credit remains down across the board. That includes balances, utilization and delinq [...]
We captured key insights from the January 14 webinar, Market Pulse: Planning in a K-Shaped Recovery, featuring Cris deRitis, Deputy Chie [...]
Updated 5/11/2023: The White House declared the end of the Covid-19 Health Emergency May 11, 2023 so some of the details mentioned in th [...]
This is a recap of the December 10 webinar, Market Pulse: Consumer Spending Trends and Expectations. We’re sharing key insights offere [...]
Buy Now, Pay Later FinTechs are Well-Positioned to Drive Holiday Sales in 2020 Buy now, pay later FinTechs are well-positioned to enable a [...]
The Real Question is “When” - not “If” - we will get Economic Stimulus As we count down to the U.S. election, the question of economic stim [...]
Updated 5/11/2023: The White House declared the end of the Covid-19 Health Emergency May 11, 2023 so some of the details mentioned in th [...]
This is part 1 of a 3-part series Accelerating Growth in the FinTech Space While the COVID-19 pandemic is upending the status quo for man [...]
Updated 5/11/2023: The White House declared the end of the Covid-19 Health Emergency May 11, 2023 so some of the details mentioned in th [...]
BHPH Lenders Need Alternative View of Customers' Ability to Pay It's paramount to keep sales moving during this time, not only for franchis [...]
May 2020 Market Pulse Series - FAQs Equifax and our expert guest speakers answered dozens of questions from attendees follow [...]
Updated 5/11/2023: The White House declared the end of the Covid-19 Health Emergency May 11, 2023 so some of the details mentioned in th [...]
The economic uncertainty caused by COVID-19 has impacted the automotive industry in complex ways. The entire auto ecosystem has been adaptin [...]
Updated 5/11/2023: The White House declared the end of the Covid-19 Health Emergency May 11, 2023 so some of the details mentioned in th [...]
Updated 5/11/2023: The White House declared the end of the Covid-19 Health Emergency May 11, 2023 so some of the details mentioned in th [...]
FICO recently announced that its new FICO® Score 10 T, set to be released this summer, will include trended data. With this new opti [...]
Since the last U.S. recession in 2008, financial risk management has seen significant changes. Lending requirements are tighter, verific [...]
This question sounds absurd. But this is one of the most important questions lenders must ask themselves when making consumer credit de [...]
In recent weeks, you may have heard that the Current Expected Credit Loss accounting standard - the regulation known as CECL - has been [...]
Calibrating premium to risk is crucial to your business – and the business of daily life for your customers. What if improving accuracy [...]
Insurers may face a conundrum when it comes to assessing a new policyholder’s prospective risk, especially if they lack a traditional credit [...]
Did you know that the concept of credit has been around for over 5,000 years? While the methods for evaluating credit have evolved over [...]
Discover Your Diamond Customers Among the Rough Fraudsters. There is no doubt that today’s cybercriminals are dedicated to thei [...]
Today’s static consumer credit profile provides a limited understanding of financial behaviors and risk profiles. Alternatively, trended [...]
Why Trended Data Impacts Credit Decisions Today, many lenders rely strictly on a static credit score. This provides a snapshot [...]
Market Conditions Ripe for More Consumer Lending An improving economy means more people feel confident in their ability to pa [...]
Equifax has developed Insight Score™ for Personal Loans, a risk score optimized to help lenders evaluate applicants seekin [...]
Equifax has recently extended its agreement with the Small Business Financial Exchange, but what exactly does that mean [...]
A Two-step Authentication Approach Consumers are always on the go, using digital devices to make purchases, check account balan [...]
Current Expected Credit Loss (CECL) will require financial institutions to gather data from various sources. Based on conversations w [...]
Lending and the Economy While not its direct intent, the new current expected credit loss (CECL) standard could have a signific [...]
Meet Credit Union Members Where They Want to Do Business. It takes more than a “smile and a handshake” to develop a relationship [...]
Auto Dealers and Lenders Still Unclear on MLA We all respect and value our service members, and what they do to protect our f [...]
Credit card lending is still on fire. There have never been so many consumer choices for premium cards. They have exclusive names like The [...]
By: John Giamalvo, VP, Dealer Services, Automotive Elements of the car shopping process have certainly moved upstream to the consumer over t [...]
Are you a financial institution looking to grow your commercial credit card business? Focusing on this market makes a lot of sense, es [...]
As a financial institution in an ever-changing landscape with fast-moving competitors, how do you grow your card and loan portfolios and [...]
Equifax recently announced that Westlake Financial, a privately held financial company that specializes in the acquisition and servicing of [...]
Today, the average car buyer spends nearly 70 percent of the total purchase process online, rapidly clicking their way to exactly what they [...]
Equifax BusinessConnect™ for Marketing Optimizes Sales to Current Customers Upselling and cross-selling are easier said than done. To do it [...]
Get a Big Picture View of Small Businesses Commercial payment performance data can help provide information on how a business is paying its [...]
How machine-learning technology can provide insights that drive growth with less risk Soaring increases in computing volume and a [...]
It’s official: siloes don’t work. That’s why Equifax designed BusinessConnect™ to align three important revenue functions—Sales, Credit and [...]
Walk into almost any homeowners’ association (HOA) meeting, listen to the discussions about unleashed dogs and roof repairs, and you might [...]
Young buyers represent significant risks and opportunity for dealerships. Their life situations and limited credit history calls for some fr [...]