Join the Center for Capital Markets Competitiveness (CCMC) on Tuesday, October 28 for an event focused on risk-based pricing in the consumer markets.
Pricing financial products and services based on the risk profile of the borrower is a practice that has been developed and refined over the past 30 years. Allowing lenders to match prices and products to individual consumer capabilities creates a more fair, balanced, and stable system. Recent regulatory actions have challenged the practice of risk-based pricing calling into question the fairness and effectiveness of how loan rates are set.
This event will feature the release of a report, written by Dr. Michael Staten, endowed professor and director of the Take Charge America Institute for Consumer Financial Education and Research at the University of Arizona. The report, Risk-Based Pricing in Consumer Lending, outlines the role of this practice, how it has transformed consumer credit markets, and discusses the consequences of a return to flat-based pricing.
The webcast will start 10 minutes before the event begins.