Importance of a data breach response plan

Posted on Jul 10 2014 by

A recent study conducted by the Ponemon Institute found that a data breach is among the top three occurrences that affect brand reputation, along with poor customer service and an environmental incident.

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Transitioning to a more predictive risk model

Posted on Jul 03 2014 by

Universe expansion is key to any lender’s growth strategy. Sophisticated, advanced risk models, such as the VantageScore®3.0 model, allow lenders to score up to 35 million more consumers than other risk models.

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Study analyzes email remarketing best practices

Posted on Jun 30 2014 by

According to Experian Marketing Services’ Q1 2014 Email Benchmark Report, personalized abandoned cart emails that dynamically show the actual customer cart had 25 percent higher transaction rates than reminder emails that just linked back to the brand’s Website.

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Financial responsibility makes a prospective spouse more attractive

Posted on Jun 20 2014 by

A recent Experian Consumer Services survey focusing on the most important attributes in a prospective spouse found that married adults value financial responsibility more than physical attractiveness.

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More consumers are opting for longer loan terms

Posted on Jun 12 2014 by

With the cost of new vehicles continuing to increase, consumers are opting for longer loan terms.

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Refi activity continues to impact mortgage originations

Posted on Jun 06 2014 by

According to the latest Experian-Oliver Wyman Market Intelligence Report, mortgage originations for Q1 2014 decreased by 53 percent over Q1 2013 – $235 billion versus $515 billion, respectively.

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Automotive delinquencies increase in twenty-two states

Posted on Jun 02 2014 by

Although 60-day automotive loan delinquencies fell 1.7 percent at a national level when comparing Q1 2014 to Q1 2013, twenty-two states actually experienced a delinquency increase.

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Average debt amounts increase while average credit scores hold steady

Posted on May 27 2014 by

Experian’s most recent Credit Trends study analyzing current debt levels and credit scores in the top 20 major U.S. metropolitan areas found that Detroit, Michigan, residents have the lowest average debt ($23,604) and Dallas, Texas, residents have the highest average debt ($28,240).1

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Declining balances and rising delinquencies cause setback in Q1

Posted on May 15 2014 by

Following a full year of steady improvement, small-business credit conditions stumbled during the first quarter of 2014.

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Study explores how frequently lenders validate credit scores

Posted on May 09 2014 by

As part of its guidance, the Office of the Comptroller of the Currency recommends that lenders perform regular validations of their credit score models in order to assess model performance.

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