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S&P/EXPERIAN CONSUMER CREDIT DEFAULT INDICES SHOW SIXTH CONSECUTIVE RISE IN COMPOSITE RATE IN MAY 2022

Retrieved on:

Tuesday, June 21, 2022

S&P Dow Jones Indices, London Stock Exchange, Database, EXPN, London, Child, Research, Dow Jones Industrial Average, FTSE, Credit default swap, Crime, News, S&P Global, Group, NYSE, Organization, SPGI, Experian

NEW YORK, June 21, 2022 /PRNewswire/ -- S&P Dow Jones Indices and Experian released today data through May 2022 for the S&P/Experian Consumer Credit Default Indices. The indices represent a comprehensive measure of changes in consumer credit defaults and show that the composite rate rose one basis point to 0.51%. The bank card default rate fell three basis points to 2.49%. The auto loan default rate rose three basis points to 0.61% while the first mortgage default rate was up one basis point 0.36%.

Key Points:

Jointly developed by S&P Dow Jones Indices LLC and Experian, the S&P/Experian Consumer Credit Default Indices are published on the third Tuesday of each month at 9:00 am ET.
They are constructed to track the default experience of consumer balances in four key loan categories: auto, bankcard, first mortgage lien and second mortgage lien.
The Indices are calculated based on data extracted from Experian's consumer credit database.
More assets are invested in products based on our indices than products based on indices from any other provider in the world.

Consumers Are Increasing Their Digital Activity Despite Rising Fraud Concerns

Retrieved on:

Thursday, June 16, 2022

Despite these concerns, most consumer respondents say their online activity will increase in the next three months.

Key Points:

Despite these concerns, most consumer respondents say their online activity will increase in the next three months.
Payment system providers, credit card companies, tech providers, and streaming services are the businesses most trusted by consumers to address online security issues.
Fifty-seven percent of consumers report that they are willing to share data if it ensures greater security or prevents fraud, with consumers expecting protection from companies in return.
Only 1 in 5 consumers report being offered a pre-filled form option as part of their account opening digital experience.

Experian becomes authorized report supplier of income and employment verification through Fannie Mae’s Desktop Underwriter (DU) validation service

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Tuesday, June 14, 2022

Experian today announced it is now an authorized report supplier of income and employment verification through Fannie Maes Desktop Underwriter (DU ) validation service.

Key Points:

Experian today announced it is now an authorized report supplier of income and employment verification through Fannie Maes Desktop Underwriter (DU ) validation service.
Through the integration with Fannie Maes DU validation service, Experian is providing lenders with new solutions for their verification needs while simplifying the mortgage experience for consumers.
We are pleased to integrate Experian Verify into the DU validation service for lenders to quickly and easily complete their income and employment verification needs.
Becoming an authorized report supplier for Fannie Maes DU validation service is Experians latest step to provide lenders with flexible options for their income and employment verification requirements.

Experian Outlines Its ESG Commitments Publishing New Global Reports Focused on Financial Inclusion, Diversity and Performance With Purpose

Retrieved on:

Friday, June 10, 2022

Experian, the global information services company, has today published two global reports reflecting its commitment to creating a better tomorrow for people and organisations around the world.

Key Points:

Experian, the global information services company, has today published two global reports reflecting its commitment to creating a better tomorrow for people and organisations around the world.
(Photo: Business Wire)
With a third of the global adult population lacking access to basic financial services, its vital that firms such as Experian recognise their responsibility to help.
Since establishing its United for Financial Health programme two years ago, Experian and its NGO partners have connected with 87 million people.
Also published today is Experians second-ever global Diversity Equity and Inclusion Report , a deep-dive into its approach to Diversity, Equity and Inclusion.

Credit Unions Amass Largest Share of the Automotive Finance Market in Five Years

Retrieved on:

Thursday, June 2, 2022

Through the first three months of 2022, there were some shifts in the automotive finance market, most notably, significant growth for credit unions.

Key Points:

Through the first three months of 2022, there were some shifts in the automotive finance market, most notably, significant growth for credit unions.
According to Experians State of the Automotive Finance Market: Q1 2022 report, credit unions amassed 22.06% of the total automotive finance market, up from 18.55% a year prior.
The credit union growth is concurrent with a drop in market share for captives, which declined from 29.75% to 25.38% year-over-year.
This has resulted in an opportunity for credit unions to step in and gain market share, as they often offer the lowest interest rates, said Melinda Zabritski, Experians senior director of automotive financial solutions.

Jetty Announces Investment from PayPal Ventures and Experian Ventures

Retrieved on:

Wednesday, May 25, 2022

NEW YORK, May 25, 2022 /PRNewswire/ -- Jetty, the financial services company on a mission to make renting a home more affordable and flexible, today announced an investment from PayPal Ventures and Experian Ventures. The new funding will enable Jetty to accelerate the growth of its existing suite of products and invest in product expansion.

Key Points:

NEW YORK, May 25, 2022 /PRNewswire/ -- Jetty , the financial services company on a mission to make renting a home more affordable and flexible, today announced an investment from PayPal Ventures and Experian Ventures.
Jetty aims to support renters and properties at every stage of the rental journey, with current product offerings, including Jetty Deposit , a security deposit alternative; Jetty Rent , a flexible rent payment program; and Jetty Protect , a modern renters insurance product.
"Jetty and PayPal share a common mission: democratizing access to financial services," said Rachel Zabronsky, Investor at PayPal Ventures.
The PayPal Ventures and Experian Ventures investment follows another investment from Wilshire Lane Capital and Morgan Properties announced by Jetty in February 2022.

S&P/EXPERIAN CONSUMER CREDIT DEFAULT INDICES SHOW FIFTH STRAIGHT INCREASE IN COMPOSITE RATE IN APRIL 2022

Retrieved on:

Tuesday, May 17, 2022

Credit default swap, London, FTSE, Dow Jones Industrial Average, Crime, S&P Global, News, Research, Child, London Stock Exchange, Organization, Group, SPGI, Database, EXPN, S&P Dow Jones Indices, NYSE, Experian

NEW YORK, May 17, 2022 /PRNewswire/ -- S&P Dow Jones Indices and Experian released today data through April 2022 for the S&P/Experian Consumer Credit Default Indices. The indices represent a comprehensive measure of changes in consumer credit defaults and show that the composite rate rose two basis points to 0.50%. The bank card default rate increased 25 basis points to 2.52%. The auto loan default rate rose two basis points to 0.58% while the first mortgage default rate was unchanged at 0.35%.

Key Points:

Jointly developed by S&P Dow Jones Indices LLC and Experian, the S&P/Experian Consumer Credit Default Indices are published on the third Tuesday of each month at 9:00 am ET.
They are constructed to track the default experience of consumer balances in four key loan categories: auto, bankcard, first mortgage lien and second mortgage lien.
The Indices are calculated based on data extracted from Experian's consumer credit database.
More assets are invested in products based on our indices than products based on indices from any other provider in the world.

Financial Inclusion Top of Mind for U.S. Financial Leaders

Retrieved on:

Wednesday, May 11, 2022

Two-thirds of respondents said not having the right technology, data, and talent in place to execute a financial inclusion strategy were the greatest challenges faced.

Key Points:

Two-thirds of respondents said not having the right technology, data, and talent in place to execute a financial inclusion strategy were the greatest challenges faced.
In addition, 56 percent of businesses said they need greater internal education about the benefits of diversity and inclusion.
Those interested in learning more about the Reaching News Heights Together with Financial Inclusion study and the tools available to implement and track financial inclusion programs are invited to join a live webinar hosted by Experian and featuring Forrester on Tuesday, May 24, from 10 11 a.m. PT.
To learn more about how Experian can help you achieve your financial inclusion goals, visit https://www.experian.com/business/increasing-financial-inclusion .

Fast Company Names Experian Boost to its List of 2022 World Changing Ideas

Retrieved on:

Thursday, May 5, 2022

View the full release here: https://www.businesswire.com/news/home/20220505005386/en/

Key Points:

View the full release here: https://www.businesswire.com/news/home/20220505005386/en/
Fast Company has named Experian Boost to its list of 2022 World Changing Ideas.
Nearly 9 million people have connected to Experian Boost to report their on-time utility, telecom and video streaming service payments.
World Changing Ideas is one of Fast Companys major annual awards programs and is focused on social good, seeking to elevate finished products and brave concepts that make the world better.
Experian and the Experian marks used herein are trademarks or registered trademarks of Experian and its affiliates.

Experian Finds Mobile Wallets Rival Traditional Payment Methods

Retrieved on:

Thursday, April 21, 2022

The growth curve of online spending has increased the use of mobile wallets that now rival traditional payment methods.

Key Points:

The growth curve of online spending has increased the use of mobile wallets that now rival traditional payment methods.
The latest report shows that 62 percent of respondents say they are currently using mobile wallets, while 63 percent use traditional forms of payment.
One additional business benefit with the rise and reach of new payment methods like mobile wallets, Peer-to-Peer (P2P), and Buy Now Pay Later (BNPL) is that businesses are also able to find options for better financial inclusion.
Experian and the Experian marks used herein are trademarks or registered trademarks of Experian and its affiliates.