As economists warn of an impending recession, banks have been raising their rates and tightening lending standards. What is the impact on consumers? And how should lenders navigate this credit tightening environment? To answer these questions, we’re joined by Jesse Harden, a risk advisor at Equifax.

In this episode:

·       In light of credit tightening, why lenders are concerned about their policies right now

·       How credit tightening is impacting consumers, and what we may see if the credit tightening continues

·       Areas of opportunity for lenders

·       Recommendations for how lenders can minimize their risk

Resources:

CreditForecast.com is a joint venture between Equifax and Moody’s Analytics. Get actionable consumer credit, economic and demographic data, forecasts and analysis.

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