2011 a Year for Action
Tags: Decision Analytics, Fraud Prevention
In the Nation's consumer credit markets, 2011 should prove to be the year of expanded recovery that 2010 was suppose to be.
A year late, the United States is beginning to turn the corner to expanded recovery in the consumer credit markets. Yet 2011 promises to be a bumpy year. While lenders cautiously extend credit, delinquencies slow, auto sales climb and general economic conditions improve, the jobless rate remains high for many and the housing market remains unstable. The strategies lenders enacted in 2009 to stem losses and lessen risk still tend to curb loan growth.