Market Pulse

How are fintechs managing economic headwinds and credit tightening? We talk with Ratinder Bedi, Chief Credit Officer at SoFi, about how his company is managing these challenges and how fintechs and traditional banks often differ in their approach.   In this episode:   ·      The biggest challenges facing SoFi this year ·      How the restart of student loan refinancing may impact the fintech indus...

The mortgage industry is facing high mortgage rates, low housing supply, and a tightening of mortgage credit availability. What does this all mean for the future of the mortgage industry and where does this leave consumers? Join us as Joel Kan, Vice President and Deputy Chief Economist for the Mortgage Bankers Association, provides insight. Resources:   CreditForecast.com is a joint venture betwee...

Leading economic indicators are flashing red for the second half of 2023, but David Fieldhouse, Director of Consumer Credit Analytics at Moody's Analytics, says there are reasons to be cautiously optimistic. Join us for a mid-year economic update as we discuss the debt ceiling crisis, interest rate hikes, and what lies ahead for the US economy. Topics include: Update on the debt ceiling crisis Pos...

The financial industry is pulling back on some of its marketing spend. Is that the right strategy for an uncertain economy? Andrew Davidson, Chief Insights Officer at Mintel Compremedia Omni, joins us with his insights. Andrew is an expert in cross-channel marketing insights, consumer behavior, and global trends.    In this episode:   -        A short economic update from David Fieldhouse, Directo...

As economists warn of an impending recession, banks have been raising their rates and tightening lending standards. What is the impact on consumers? And how should lenders navigate this credit tightening environment? To answer these questions, we’re joined by Jesse Harden, a risk advisor at Equifax.   In this episode:   ·       In light of credit tightening, why lenders are concerned about their p...

In this uncertain economy, credit unions want to understand the risks and opportunities in their current portfolio. In this episode, we’ll discuss that topic with Mike Schenk , Deputy Chief Advocacy Officer for Policy Analysis and Chief Economist at CUNA. We’ll also discuss: What are the latest trends in credit union operations and financial performance?   How are credit unions different from bank...

Financial institutions have become more risk aware following interest rate hikes, an uncertain economy and recent challenges facing regional banks. In this episode, we’re joined by Tom O’Neill, a risk consultant with Equifax and Mark Toro, a marketing consulting leader with the Financial Services Group at Equifax to discuss:   ·      What is a deposit growth strategy? ·      How can it reduce a fi...

The number of small businesses has soared, and that means there is still opportunity for lenders despite an uncertain market. Patrick Reily, co-founder of Uplinq Financial Solutions, provides specific examples of how lenders can use unique data to improve modeling and grow their business.  CreditForecast.com is a joint venture between Equifax and Moody’s Analytics. Get actionable consumer credit,...

What can auto lenders and dealers expect this year? Join us as Jonathan Smoke, chief economist for Cox Automotive, discusses the current slump in used retail vehicle sales and auto loan performance, his predictions for this year’s vehicle sales, as well as the industry’s bright spot, EVs. But first, we start this episode with a 3-minute economic update from David Fieldhouse, director of Consumer C...

The cost of living is rising, and consumers across the globe are feeling the squeeze. How will this impact the lending industry this year? Swarnima Pandey, an Analytics Insights Manager with Equifax Canada shares how lenders can build resiliency into their 2023 plan. This podcast episode was a continuation of the November webinar, Market Pulse: Impact of Global Economic Headwinds on the U.S. Econo...

The final episode of our three-part series focuses on consumer and commercial lending in 2023. In our interview with Cris deRitis, Deputy Chief Economist at Moody’s Analytics, we discuss how lenders can find responsible growth in challenging economic times.   Highlights:   1:00 - Trends in consumer and commercial lending in 2023 2:22 – Delinquencies will rise with slowing economy 3:50 – What impac...

This episode takes an in-depth look at the labor market and possible risks it may face in 2023 and beyond. We discuss with Cris deRitis, deputy chief economist with Moody’s Analytics, how lenders can adjust their business to better identify risk, as well as opportunity in the labor market.  0:50 – Analysis of labor market in 2023 2:38 – Potential shocks to the labor market 4:55 – Recognizing the v...

Are we heading for a recession in 2023? And what should lenders do to prepare for a year of uncertainty? We interview Cris deRitis, deputy chief economist at Moody’s Analytics to uncover those opportunities in the lending industry. Episode Highlights:   1:30 – Moody’s Analytics perspective on whether there will be a recession in 2023 2:45 – Consumer spending patterns  7:45 – How can lenders adjust...

Businesses rely on digital photos and videos to make everyday business decisions, but they struggle with confirming the content’s authenticity. Bob Homer, VP and General Manager of Insurance and Alliances at Equifax talks with Mounir Ibrahim, VP of Public Affairs and Impact at Truepic about how the company is using data and technology to restore trust in digital images.   Don't miss these highligh...

How can the auto industry improve the customer experience? The answer lies in the next generation of data tools. Join Equifax’s Brian Epro as he interviews Atul Patel, CEO and co-founder of the automotive digital marketing platfom Orbee, about the next generation of personalization and how it will transform how consumers buy their next automobile.   Jump ahead to these topics:   2:30 – About Atul...

With the summer travel season upon us, a new wave of concerns is hitting consumer wallets. We look at how supply chain shortages, inflation, global conflict, end of COVID relief packages, and potential forthcoming recession will impact consumer credit usage and access – with a special focus on how consumer-permissioned data can make credit more accessible. Join us for the latest insights from Davi...

A slower birthrate, the aging Baby Boomers, a record number of retirements due to the COVID-19 pandemic and slowing immigration. All these factors are having a profound impact on the U.S. economy and future GDP growth. In this episode, Wayne Best, chief economist at Visa, shares his findings from a new white paper, The Golden Years Planning for the Changing Face of the United States. Find out how...

Buy Now, Pay Later (BNPL) loans are skyrocketing in popularity. Younger, tech-savvy consumers like them because they are a fast, easy way to purchase something online or at point-of-sale in a store. Many BNPLs don’t charge interest, and they can allow consumers who may not qualify for credit to finance large purchases. In this episode, David Fieldhouse, director of consumer credit analytics at Moo...

In this K-shaped economic recovery, many consumers will prosper, while others will continue to struggle. In this episode, we discuss how VantageScore could score about 37 million Americans who are conventionally unscoreable -- and what that could mean for the economy. Join Katherine Doe of Equifax as she interviews David Fieldhouse, director of consumer credit analytics at Moody’s Analytics, and E...

In this episode of Market Pulse, Katherine Doe of Equifax discusses the U.S. economic outlook for consumer and small business credit with David Fieldhouse, director of consumer credit analytics at Moody's Analytics. Evan Leaphart, founder and CEO of Kiddie Kredit and co-founder of Black Men Talk Tech, explains his mission of educating kids about credit so they are poised for entrepreneurial succes...

In this episode of Market Pulse, we discuss the U.S. economic outlook, the American Jobs Plan and consumer credit trends with Cris deRitis, deputy chief economist at Moody's Analytics. This transcription is edited for brevity. Listen to the full podcast for more great insights. Theresa: So let's start with an update on the U.S. economy. What do you see on the horizon or what is important for our l...

In this episode of Market Pulse, we talk to Tom Aliff, risk consulting leader at Equifax, about consumer credit trends and insights. He shares the latest in credit balances, utilization, delinquencies and explains how the stimulus has benefited consumers. Jump ahead to these topics: :56 - The latest in consumer insights 3:11 - Delinquencies are down 5:40 - How stimulus has helped consumers 6:45 -...

In this episode of the Market Pulse podcast, we discuss the latest round of PPP and small business credit and industry trends with Equifax senior data analyst, Sarah Briscoe.  This transcription is edited for brevity. Listen to the full podcast for more great insights. Theresa Freas: Top of everyone's mind is the second round of stimulus just came through. When we're talking about small business s...

In this episode of Market Pulse, we break down the second round of stimulus that took effect in late December. Who won? Who lost? And how will it impact the overall economy, as well as consumers and small businesses? We also discuss a potential third round of stimulus. This transcription is edited for brevity. Listen to the full podcast for more great insights. Theresa: Let's start with the curren...

In the December episode of Market Pulse monthly, we focus on how this week’s news -- the vaccine rollout, Electoral College vote and talks of a stimulus deal will impact this holiday season. This transcription is edited for brevity. Listen to the full podcast for more great insights. Theresa Freas:  It's been a big week. There's the electoral college meeting, vaccines are going in-market and then...