Join us on July 16th at 2:00 p.m. for The Aftermath of the COVID-19 Crises: Establishing Resilience with Your Risk Assessment Decisions, presented by FICO.
The current global crises have made a significant impact on auto finance industry driving many auto lenders to rethink their risk assessment strategies. Approximately 26 million people are still unemployed in the United States, expecting to have an unsteady journey back to financial security. Numerous factors will define the speed and robustness of their recovery journey. In contrast, existing risk management tools are designed for scenarios addressing a more stable environment of economic exchange.
So, what do you do when you don’t have all the information you want, or the environment keeps changing? What is very clear today is the fact that auto lenders need to look at their customers with a second lens to assess whether they have been affected by COVID-19 economically and how that fact may have changed their borrowing and repayment behavior post the crises and what this means from the risk assessment perspective.
Join Lynda Woodward, Senior Director, with FICO for this webinar to understand how to strengthen certainty in your Probability of Default predictions and strategic risk assessment actions.
You will understand how to:
- Use high frequency data to broaden the lens into consumer behavior
- Augment your risk assessment tools with non-traditional data capturing changing customer behaviors
- Enable refinement of your probability of default (PD%) assessment
- Establish risk score model resilience
Registration is complimentary for AFSA members.
Join us on July 16th at 2:00 p.m. for The Aftermath of the COVID-19 Crises: Establishing Resilience with Your Risk Assessment Decisions, presented by FICO.
The current global crises have made a significant impact on auto finance industry… Read the rest
This week, AFSA wrote a letter to Congress in support of the E-SIGN Modernization Act (S. 4159). This piece of legislation would streamline how consumers consent to receiving electronic documents like billing statements, account information,… Read the rest
AFSA, along with more than 125 other trade associations representing a broad swath of the American economy, today submitted a letter supporting S. 4117, The Paycheck Protection Program (PPP) Small Business Forgiveness Act. The bill “would… Read the rest
Last week, the American Financial Services Association (AFSA) joined other financial services trade associations in a letter to the Federal Communications Commission (FCC) regarding the agency’s draft order on call blocking. … Read the rest
Join us on July 16th at 2:00 p.m. for The Aftermath of the COVID-19 Crises: Establishing Resilience with Your Risk Assessment Decisions, presented by FICO.
The current global crises have made a significant impact on auto finance industry … Read the rest
Today, the U.S. Small Business Administration (SBA) released loan data for its Paycheck Protection Program (PPP), in which some American Financial Services Association members participated. You can review the overall data here and here… Read the rest
The American Financial Services Association is – in a single event – bringing together the best of the Annual Meeting and Independents Conference & Expo. Join the leaders of the consumer credit industry at AFSA’s… Read the rest
The American Financial Services Association yesterday submitted a letter to Senate Armed Services Committee Chairman Sen. James Inhofe (R-OK) supporting the 2021 National Defense Authorization Act (NDAA).
The letter highlighted AFSA… Read the rest
AFSA's July State Government Affairs white paper is now available. This month's white paper covers 2019 consumer complaint data from state Attorney General offices, the Federal Trade Commission and the Consumer Financial… Read the rest
July's featured Business Partner is RSM US LLP.
RSM US LLP is the leading provider of audit, tax and consulting services focused on the middle market, with 9,000 people in 90 offices nationwide. Our full range of services help specialty… Read the rest
