While some businesses will look to loss forecasting to potentially reduce the severity of impact from COVID-19, for many, it is the key to survival.

This is the third in a series of blog posts highlighting optimization, AI, predictive analytics, and decisioning for lending operations.

The economic impact of the COVID-19 health crisis is ever-evolving and requires great flexibility and planning from lenders.

Some segments of the financial markets are beginning to bet that the Federal Reserve will take interest rates negative for the first time in U.S. history.

COVID-19 will affect the way financial institutions lend and provide credit. See what Shawn Rife, Experian’s Director of Product Scoring, had to say.

Here's a brief FCRA-related compliance overview to refresh your memory on various FCRA requirements when requesting and using consumer credit reports.

To get a better picture of labor market health in the coming months, there are three components reported in BLS's employment release that require attention.

This week, Experian released a new version of our CrossCore® digital identity and fraud risk platform, adding new tools and functionality.

Combating fraud requires that you differentiate between first and third party fraud so you can determine the best treatment.

Amid the fallout of COVID-19, I often find myself thinking about the impact the pandemic has had and will have on businesses in the coming months—particularly those within the automotive industry. The impact has reached all facets of the industry, leaving dealerships to take unprecedented action. Some have temporarily closed, while many have shifted business priorities to focus on maintenance and repair. Like everyone, we in the automotive industry are concerned about the health and safety of our family, friends and communities.  Much like the rest of small business owners, those that oversee dealerships are also concerned about the wellbeing of their work families. The automotive industry is a pillar of our economy, and dealerships are staples within our local communities. Experian has an unwavering commitment to help the industry navigate these uncertain times and address challenges as they arise. The pandemic has impacted groups of people differently and at different times. It’s important for those within the automotive industry to understand how consumer sentiment and priorities will shift over the coming months, in order to address their most pressing needs. As such, Experian launched a daily survey of the general population to gain insight into shifting consumer sentiment as a result of the pandemic. The survey reveals how consumers are dealing with the outbreak across key industries, including automotive. As of May 4, 2020, only 20 percent of Americans plan on buying a new car, truck, van or motorcycle within the next few months, and of those, only 50 percent plan to continue the purchase as planned. 26 percent plan to delay the purchase a few months. While car shopping may not be a priority for most in the coming months, there are consumers who will need to replace their vehicle sooner rather than later—perhaps their lease is set to expire, or they’ve experienced car trouble. In these instances, it’s important for dealers to be able to connect with these consumers to help them understand the options available to them. With this urgency in mind, Experian is providing dealers with complimentary access to nationwide and local automotive market trends. The information will be updated weekly to help dealers gain insight into current sales trends and website traffic, better understand in-market car shoppers and identify the most effective communications channels. For instance, during the week of April 27, dealer website traffic was down 11 percent from the same time last year. That said, web site traffic has picked back up over the past few weeks.. With the short- and long-term impacts of the pandemic largely unknown, dealerships must adapt quickly. Consumers' vehicle needs will shift based on circumstance, and it’s important for dealers to continually assess the market. We are all adapting to our new environment, and will need to collaborate to find ways to combat the fallout—it’s a difficult time for many, including dealers. The automotive market will recover, and Experian is committed to helping the automotive industry navigate the recovery and ensure car shoppers can find vehicles that meet their needs. To view the Automotive Trends & Marketing Insights and sign up to receive your complimentary local market trends, click here. To view the Consumer Sentiment Index, click here.

With a recession on the horizon, economists are using different scenarios to predict economic recovery. Learn more about the 4 potential outcomes.

Credit reporting companies and data furnishers have been put in the spotlight to provide consumers with assistance that they need during COVID-19.

The Federal Open Market Committee closed their latest meeting on April 29 and provided a look into how long rates may remain at their current levels.

Download our case study to learn how home equity lender, Spring EQ, leveraged Experian Boost to help applicants qualify for better loan rates and terms.

Essential personnel and organizations are working tirelessly to deliver food and other resources, not to mention, protecting the health and safety of those around us. These vehicles still require proper maintenance and care to ensure they run smoothly. That’s where the automotive industry can help.