Economic Trends: What Have They Done to Your Business and How Will This Continue to Affect You?
Jeff Barringer (Albany), Kelly Lipinski (Cleveland), and Robert Savoie (Cleveland) participated in a panel presentation, moderated by Mark Edelman (Cleveland), titled “Economic Trends: What Have They Done to Your Business and How Will This Continue to Affect You?” on Wednesday, October 7 during the 2020 Virtual Consumer Finance Legal Conference.
Will borrowers shy away from big purchases to conserve savings or is there a pent-up demand that will drive more business? Will interest rates stay low, causing a surge in refinancings? How do you maintain profitability in such a market? Do FinTech lenders have a real advantage in this market? The panel focused on a host of practical issues.