The state of the American consumer credit industry, with Matt Komos (TransUnion)
How to Lend Money to Strangers
Brendan le Grange
4.9 • 43 Ratings
🗓️ 5 August 2021
⏱️ 34 minutes
🧾️ Download transcript
Summary
Few of us will have experienced something as disruptive as COVID-19. The disease, and the lockdowns that followed it, shaped national economies and individual's lifestyle choices in markets around the world.
In today's episode, I catch up with Matt Komos - LinkedIn and find out how the American consumer credit industry has held up.
As TransUnion's VP for Research and Consulting, Matt is able to combine his apply his industry expertise to one of the richest consumer credit databases in the market, to give us a true bird's eye view of the situation as we begin discussions of a post-COVID recovery.
You can find ore of Matt's work at https://www.transunion.com/research
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Transcript
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| 0:00.0 | Saudi Arabia's economy is transforming. What's behind it? The Public Investment Fund, or PIF. |
| 0:07.1 | It's one of the largest sovereign wealth funds in the world, creating 13 new sectors, |
| 0:12.2 | 66 companies, and more than 500,000 direct and indirect jobs so far. PIF is also the first |
| 0:19.5 | sovereign wealth fund to issue a green bond supporting Saudi Arabia's 2016 Net Zero emissions target. |
| 0:26.6 | Find out more at pif.gov.sa. |
| 0:32.8 | I think the unprecedented level of government support and the way that lenders and consumers |
| 0:38.3 | alike have been able to kind of help keep the ship afloat, but would agree that it definitely |
| 0:44.2 | could have been a lot worse than what we've seen up to date. But to your point, there are |
| 0:49.2 | still plenty of consumers, I think, hurting out there and hopefully they're getting |
| 0:53.4 | bad assistance as they need it. |
| 1:16.0 | Welcome back to how to lend money to strangers. The podcast about lending strategies across |
| 1:21.1 | the credit life cycle and around the world. There isn't a bigger market in the world than the |
| 1:26.0 | US and there probably hasn't been a bigger time of chaos than right now. So in today's episode, |
| 1:31.3 | I catch up with Matt Kermos and ask him about the state of the US consumer credit economy |
| 1:36.7 | as we look towards a post-COVID revival. Matt is a vice president of financial services |
| 1:42.6 | research and consulting for TransUnion in the US, so as well as more than 20 years of experience |
| 1:47.9 | and consumer lending as an entrepreneur, a consultant and an analyst. Matt has access to data that |
| 1:54.3 | gives him a true bird's eye view of the market, making him an ideal candidate for the show. |
| 1:59.5 | Join me in a second for our discussion. |
| 2:03.6 | Brendan, what's up, dude? Hey, Matt, how are you doing? Life's been interesting. |
| 2:09.5 | It's been a weird year, of course. But yeah, I mean, I guess that that's been a key topic |
| 2:15.2 | of discussion now with the last year and a half, all COVID all the time in the credit markets as |
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