EXPERIAN PLC S/ADR - EXPGY STOCK NEWS

Experian has launched new resources aimed at Spanish-speaking consumers to enhance their understanding of credit and personal finance. The initiative includes the #ChatDeCrédito Twitter chat series, starting on September 15 at 3 p.m. Eastern time, coinciding with Hispanic Heritage Month. This series will address topics crucial to the Hispanic-Latino community, such as credit management and improving credit scores. Additionally, Experian introduces an e-book, 'The Ultimate Guide to Credit', featuring free financial tools like Experian Boost™. This move underscores Experian's commitment to financial education.

Lecrae, a Grammy Award-winning artist, collaborates with Experian North America to launch “Protect The Bag,” a six-part web series focusing on financial literacy. Set to premiere in Fall 2021, the series aims to educate viewers on essential topics like budgeting, saving, and credit education, featuring special guests. Lecrae aims to raise awareness about financial health, emphasizing that many young adults lack financial education. This initiative aligns with Experian’s United for Financial Health program to empower vulnerable consumers and minority business owners.

Experian has released findings from a national survey of college graduates, revealing their optimism and financial plans post-pandemic. Key findings include that 43% are excited for their first job, and 40% prioritize independence. Financially, 40% intend to save their first paycheck, while 31% plan to buy a house and 22% a car. Celebrities like Mario Lopez and Diggy Simmons offered advice, emphasizing financial planning, modest living, and the importance of relationships. Experian aims to educate consumers about finance with tools like Experian Boost.

S&P Dow Jones Indices and Experian reported consumer credit default rates through July 2021, revealing a slight decline in the composite rate to 0.40%, marking the fourth consecutive decrease. The bank card default rate fell to 2.51%, while both the auto loan and first mortgage default rates saw minor increases. Notably, three out of five major metropolitan areas recorded lower default rates. The indices provide insights into loan performance across key categories, indicating a stabilizing trend in consumer credit health.

On July 20, 2021, S&P Dow Jones Indices and Experian published the latest S&P/Experian Consumer Credit Default Indices data through June 2021. The composite credit default rate decreased by three basis points to 0.41%. Significant declines were observed in bank card defaults, which fell 18 basis points to 2.83%, and auto loan defaults, down four basis points to 0.30%. First mortgage defaults also decreased by two basis points to 0.26%. Among major metropolitan areas, Los Angeles showed the largest drop in defaults at 0.37%.

On June 15, 2021, S&P Dow Jones Indices and Experian reported a decline in consumer credit defaults through May 2021. The composite default rate dropped to 0.44%, down six basis points from April. The bank card default rate decreased significantly by 22 basis points to 3.01%, while auto loan defaults fell to 0.34%, and first mortgage defaults to 0.33%. Major metropolitan areas also showed decreases, with New York experiencing the largest drop at 37 basis points to 0.46%.

S&P Dow Jones Indices and Experian announced the March 2021 data for the S&P/Experian Consumer Credit Default Indices, revealing a composite rate increase of one basis point to 0.54%. Notable changes included a 22 basis point rise in bank card defaults to 3.15% and a 3 basis point decrease in auto loan defaults to 0.48%. Default rates increased in four of five major metropolitan areas, with Miami reaching 1.23% and Los Angeles at 0.50%.

On February 16, 2021, S&P Dow Jones Indices and Experian announced the January 2021 updates for the S&P/Experian Consumer Credit Default Indices, revealing a composite default rate of 0.48%, an increase of two basis points. The bank card default rate rose to 2.72%, up nine basis points, while auto loan defaults decreased to 0.56%, a decline of eight basis points. First mortgage defaults increased by three basis points to 0.32%. Notably, Miami saw a rise to 0.95%, and New York increased to 0.49%. Data covers approximately $11 trillion in outstanding loans.