In the fast-paced world of finance and economic policy, staying ahead of the curve is essential for success. The September 2023 Market Pulse webinar, built on the previous month's discussion. The webinar was about strengthening origination resilience as student loan repayment begins. It provided deep understanding for businesses and individuals alike. The webinar aimed to address the pressing questions that have surfaced in previous discussions and conversations.

There was an incredible amount of valuable information presented within this webinar. 

Review it in full. 

Expert Analysis in Real Time

One of the standout features of this webinar was the opportunity to gain real-time answers from top experts in the field. The panel included Dr. Robert Wescott, President and Founder of Keybridge, an economic policy firm based in Washington, D.C. Joining us from Equifax, we welcomed David Sojka, Jesse Hardin, and Tom O’Neill from the Risk Advisory Practice, as well as Risk Advisory Leader Tom Aliff. Make sure to sign up for next month’s webinar so you can ask your own questions. 

Key Takeaways

The webinar delved into critical topics that affect both businesses and individuals. Outcomes include:

Macroeconomic Update: The webinar began with a comprehensive macroeconomic update. Understanding the broader economic landscape is crucial for making informed decisions. The discussion covered a range of aspects, including the overall economic outlook, the housing market, and the impact of student loans on the economy.

Consumer Credit Insights: This section of the webinar explored various facets, including:

• originations, 

• debt levels, 

• delinquency rates, 

• and more.

These insights are essential for businesses looking to make data-driven decisions and adapt to evolving consumer credit trends.

Risk Advisory Team Answers Your Questions: One of the highlights of the webinar was the Risk Advisory Team's engagement with the audience. 

Topics covered included:

• the impact of student loan forbearance expiration, 

• potential risks to originations and portfolios, 

• the possibility of an economic recession,

• and the concept of "financial durability." 

Recommendations

As the webinar drew to a close, Tom Aliff, Equifax Risk Advisory Leader, shared some actionable recommendations based on the insights provided during the discussion.

1. Expand data sources: to better identify risk and opportunity, businesses should consider expanding beyond traditional credit data. Diversifying data sources can help provide a more comprehensive view of consumer behavior.

2. Increase cadence of account reviews: regularly assessing changes in customers' credit situations and taking prompt action can help limit losses and mitigate risks.

3. Remove blind spots: stay vigilant by receiving notifications about changes in customers' credit that occur outside your organization. Being proactive is key to maintaining a strong credit portfolio.

Don't Miss Out

In a world marked by uncertainty and rapid change, staying informed is paramount. The September 2023 Market Pulse webinar offered a unique opportunity to gain insights from industry experts, helping businesses and individuals navigate the complexities of the evolving financial landscape. To access the full impact and real-time answers from these experts, make sure to watch the recorded webinar and stay ahead of the curve.

To implement these recommendations and leverage the insights from the webinar, the Equifax Risk Advisory Team is available for consultation at riskadvisors@equifax.com.