Credit Risk

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 [...]

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 [...]

In today's quickly changing mortgage environment, Lenders deserve simplicity.    Digital monitoring solutions like Undisclosed Deb [...]

Confidently serve below-prime members by seeing the bigger picture Approved. It’s a magic word. Especially for the estimated 77 [...]

Facing the problem  Homeownership is a primary wealth builder for most Americans. Sadly, there are still strong barriers for marginali [...]

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’s pr [...]

Fireside chat with Just Energy In our December 2 webinar, our moderator, Rissa Reddan, Demand Generation Leader of U.S. Information Solutio [...]

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 pres [...]

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 at [...]

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, Se [...]

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 webinar. This [...]

The economy is recovering and the outlook for small businesses is continuing to remain strong. Fintechs have started to step away from tradi [...]

Consumers and businesses need access to credit and lending to live and perform. Yet, 91.5 million consumers struggle to gain access to mains [...]

As the economy recovers the outlook for small businesses remains strong. Fintechs have started to step away from traditional credit data and [...]

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 Institute; [...]

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 Kred [...]

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 [...]

Light at the End of the Tunnel The U.S. economic forecast is strong. In fact, Moody’s Analytics’ outlook for 2021 calls for 6.4% growth in [...]

Small business continues to dominate news headlines. Each month in our Commercial Small Business Insights webinars, we focus on what is happ [...]

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 [...]

While the economy recovers from 2020, there are several trends that demonstrate the automotive industry’s resilience. At NADA last month, I [...]

In this recap of our March 4 webinar, "Market Pulse: Return to Opportunity for Commercial Real Estate," Sarah Briscoe, senior statistical an [...]

Consumers maintain a tight grip on credit card spending in Q1 2021 NOTE: This is a March 2021 update to the original article published Dec. [...]

This is a recap of the March 4 webinar, Market Pulse: Return to Opportunity for Commercial Real Estate. We’re sharing key insights on the fu [...]

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 [...]

A new administration in 2021 brings many changes. For our February 4 Market Pulse webinar, our panel of experts discussed the potential [...]

In this recap of the January 14 webinar, Market Pulse: DC Power Shift, What's Next?, we share key insights from Amy Crews Cutts, Presid [...]

 AI models hold the promise of better solutions in risk decisions. But how do risk managers and compliance officers vet AI solutions fo [...]

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 [...]

The start of a new year holds both uncertainty and hope for an economic recovery. For our January 14 Market Pulse webinar, our panel of expe [...]

This is a recap of the December 10 webinar, Market Pulse: Consumer Spending Trends and Expectations. We’re sharing key insights offere [...]

How will the latest political news and vaccine rollout impact holiday spending? It was a busy news week with talk of a stimulus deal and th [...]

Businesses must learn how to take advantage of seasonal spending, while protecting their portfolios and mitigating risk. For the December 10 [...]

With a new president-elect and COVID-19 cases on the rise, businesses face some uncertainty as they plan ahead. The November 5 Market Pulse [...]

A Surge in COVID-19, Vaccine Expectations and Economic Stimulus The announcement of a vaccine is certainly cause for an upgrade in the traj [...]

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 [...]

New Podcast Examines Latest Economic Trends for Consumer Credit and Small Business The Market Pulse podcast is a new production from E [...]

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 [...]

Buy now, pay later FinTechs face merchant risks and consumer risks simultaneously Thank you for joining me for the second article in a thre [...]

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 [...]

COVID-19 Gives New Meaning to Life Insurance Awareness Month September is Life Insurance Awareness Month, and there is no better time to re [...]

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 [...]

Why Proxy Model Explanations of Neural Networks Inevitably Fail  For financial service providers, credit risk modeling is all about id [...]

The Past as a Window to the Future In my last post, we spent time exploring methods to mitigate the loss of predictive power for risk sco [...]

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 [...]

How to Mitigate Decline in Predictive Power As you may recall from my last post, we examined the impact accommodation could have on credit [...]

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 [...]

Ground-breaking modeling techniques fueled by machine learning and explainable artificial intelligence (xAI) are transforming the credit dec [...]

In this blog series, Equifax and expert guest speakers answer top of mind questions from attendees on the weekly Market Pulse Webinar Series [...]

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 [...]

It's a Priority to Stay Vigilant Many of you are protecting workers by encouraging social distancing and providing work-from-home opti [...]

COVID-19 Has Made Phone, Pay TV and Internet Service Important to Our Quality of Life In the past, expenses such as wireless phones, landli [...]

Did you know that 35% of U.S. households live in rental housing? It's true. [1] But most renters’ on-time housing payments are not reflecte [...]

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 [...]

Digital Disruption Shifts Expectations Credit unions are having to change how they interact with their members. Due to rapidly evolving t [...]

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 [...]

The autumn air is crisp, and the delicious smells from the nearby Halal Guys cart are tempting my senses. It’s a perfect Monday morning in N [...]

Risk models eventually become less predictive or relevant due to evolving market conditions. New and improved versions routinely replace the [...]

Customer experience and customer growth go hand-in-hand. One way to improve your customer experience is to make better credit offers to more [...]

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 [...]

Mobile Usage is Changing Member Experience   Did you know 88% of U.S. online adults now use a smartphone?[i] Living in an era of [...]

Aite Group Report: Consumer Lenders Anticipate Slowdown If headlines have you wondering when a change in the credit cycle might occur - or [...]

Last week, top data and analytics experts from Equifax and around the world convened in Edinburgh, Scotland for Credit Scoring and Cr [...]

Discover Your Diamond Customers Among the Rough Fraudsters. There is no doubt that today’s cybercriminals are dedicated to thei [...]

Lenders have historically used credit data to score consumers. But the problem with this approach is that it prevents lenders from seeing “c [...]

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 [...]

In today’s increasingly digital environment, it's important for property managers to know who the millennial renter is and how to reach them [...]

Chris Atwood Financial institutions (banks, credit unions, etc.) can sideline disruption and achieve customer growth with better data util [...]

Today’s consumers have many choices. Go to the grocery store or have meals delivered? Cable, satellite or streaming service? Drive your car [...]

Many financial institutions are still evaluating their Current Expected Credit Loss (CECL) implementation strategy. With implementation dead [...]

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 [...]

The future of consumer credit is bright. Advancements in risk decisioning, account acquisition and relationship management are transforming [...]

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 [...]

In this guest post, Wyatt Jefferies, Sr. Director of PR for Equifax, explores the underbanked consumer with Joshua Sledge, Director on the P [...]

Banks and lenders want to deliver broader financial inclusion that enables them to score and approve more customers. But they don't want to [...]

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 [...]

Data Scientists: Do you love the new machine learning techniques but still can’t wrap your head around how to explain your results? Have y [...]

Data experts are excited about its potential Algorithms. Logistic regression. Both tried and true analytical methods. Yet, as much as these [...]

Compliance with the Military Lending Act (MLA) may not be on the radar of many pawnbrokers, but it should be and here’s why. If you’re a paw [...]

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 [...]

Many emerging technology solutions are so robust that it can be difficult to fully maximize their potential. However, Equifax likes a challe [...]

It’s official: siloes don’t work. That’s why Equifax designed BusinessConnect™ to align three important revenue functions—Sales, Credit and [...]

Better assess subprime opportunities by looking at data and attributes that are often more predictive than traditional credit scores Most o [...]

Walk into almost any homeowners’ association (HOA) meeting, listen to the discussions about unleashed dogs and roof repairs, and you might [...]

Recent mobile commerce trends are hinting at exponential market segment growth in the coming years. According to Goldman Sachs as published [...]

Young buyers represent significant risks and opportunity for dealerships. Their life situations and limited credit history calls for some fr [...]

If you're a VP of sales or marketing, or you head up the risk group in your auto lending organization, you're faced with the constant need t [...]

With housing values on the rise again, the home equity loan is back. Homeowners now have equity in their homes, and many are looking to tap [...]