Consumers and COVID-19: What to watch and read
This turbulent year has challenged the lending industry to be more flexible, which presents us with opportunities to be more creative but also to identify new risk. We are starting to see a tightening of credit lines, as the CARES Act also helps to accommodate others. What does this mean for the economy and consumer credit? What can we expect as the new financial “normal?”
Below please find two informative resources that can help answer these questions and more…
AMERICAN BANKER WEBINAR
THURSDAY, NOVEMBER 19 at 2pm EST, be sure to watch “Consumer Credit Uncertainties in the Time of COVID”, an American Banker webinar with VantageScore’s Dr. Emre Sahingur, senior vice president of predictive analytics, research and product management.
This webinar will cover changes in consumer debt and delinquencies this past year as well as various insights from the card, mortgage and auto industries, as it relates to these unprecedented times. Also hear the most up-to-date research on consumer credit trends during the pandemic, what it means for this year and implications looking ahead.
AMERICAN BANKER INSIGHTS FACT SHEET
Live NOW on the American Banker website, we developed a 1-pager infographic fact sheet titled “Consumer Credit During COVID”, that shares the latest data indicating how consumers are financially impacted by the pandemic but also provides topline insights on how the lending industry is responding to this health crisis.