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Approximately 20 million U.S. residents – the majority of which were Gen Zers – took out their first debt product between the start of 2019 and mid-2022, a TransUnion study found.
New-to-credit consumers – those early in their credit journeys – in Canada and across the globe generally perform as well or better than borrowers with
New-to-credit consumers – those early in their credit journeys – generally perform as well or better than borrowers with established credit and similar risk
There are a lot of topics being covered here at the MBA’s IMB conference. One of them is hedging, and if you want a primer on how lenders are protecting themselves from interest rate risk, here you go. Yesterday the MBA’s Marina Walsh observed what lenders are doing now to survive. In no order: reducing the cost of sales, revisiting existing office leases, taking advantage of predictive analytics, critically examining their business lines, ramping up new products or looking at geographic expansion, retaining servicing, further staffing adjustments, and reducing middle management....
Consumers from all generations access loans each year for the first time and can prove to be good risks...