As initial pandemic-related loan accommodation periods near an end, financial institutions are looking for ways to mitigate potential adverse effects on borrowers. Unfortunately, the news headlines report more frequent layoffs and extended furloughs, further impacting the financial stability of consumers and businesses. These factors, combined with continued COVID-19 concerns, translate into continued economic uncertainty.
Join experts from Equifax, FICO, and chief economist Amy Crews Cutts of AC Cutts & Associates as we share the latest economic, consumer credit and employment insights. We’ll then explore how financial institutions are helping borrowers impacted by COVID-19, while making more confident risk and marketing decisions with a deeper level of data and insights.
This webinar will cover:
U.S. Economic Update
Consumer Credit & Employment Insights
Helping consumers while protecting your business
Identify borrowers in need of additional accommodations or loan work-outs by assessing your portfolio at a segmented level
Gain added insight into your portfolio with access to “off-us” credit insights
Drill into your portfolio to better understand delinquency, balance and utilization trends by customer segment
Better understand your borrowers with attributes trained to today’s environment
Better assess portfolio risk by segment to help minimize losses to the financial institution, while helping affected consumers
Webinar broadcast date: 10/8/2020
For more on how you can navigate this time of economic uncertainty, visit our Market Pulse page.