Consumer Finance News
March 2, 2017
Larry Chiavaro, Executive Vice President of First Associates Loan Servicing, to Speak at LendIt USA 2017
Chiavaro to moderate the Consumer Lending Leaders of Tomorrow panel
First Associates Loan Servicing, LLC, the leading loan servicer in the marketplace lending industry, announced today that Larry Chiavaro, Executive Vice President, will be speaking at the LendIt USA conference in New York on March 7th.

LendIt is the largest conference series connecting the global online lending community. Chiavaro will be moderating the Consumer Lending Leaders of Tomorrow panel on March 7th 
Top Stories

U.S. consumer spending rose less than expected in January as the largest monthly increase in inflation in four years eroded households' purchasing power, pointing to moderate economic growth in the first quarter.


U.S. consumer confidence climbed to the highest level in more than 15 years, good news for the economy. The Conference Board said Tuesday that its consumer confidence index rose to 114.8 in February from 111.6 in January and the highest since July 2001. 


Ever since Amazon began selling books online in 1995, retailers - and plenty of other commentators - have been asking what role, if any, physical stores might play in the retail arena. Some have gone so far as to predict the ultimate demise of stores, and others expound the virtues of various hybrid omnichannel solutions.

Mobile devices helped drive roughly $2 trillion in offline retail sales last year, comprising two-thirds of all shopping in that category for 2016, a Forrester study found. But as impressive as that number is, Forrester's report, The Biggest Prize In Mobile Commerce Is Influencing Offline Sales, it could be higher.


The internet has brought several changes to the finance industry. One of these changes is the introduction of online banking. The new financial service is proving be a threat to the traditional banking sector. This situation has forced several traditional banks to evolve and adopt a similar approach to business. Financial technology (FinTech) firms offer online financial services.

US GDP numbers released today show the economy grew at a 1.9% annualized pace in the last quarter. That follows a 3.5% pace in the quarter before. Not bad. But the question now is how long this will keep up. Declining auto sales might offer a clue.

Marketplace Lending & Consumer Finance Professionals  Networking Event 
Wednesday, March 22, 2017 
6: 00 p.m. to 8:00 p.m.

Join us for networking, food, and drinks with Southern California's marketplace lending, consumer finance, investment banking, automotive finance and FinTech professionals. Come early and enjoy the free onsite revolutionary war museum.
 
Webinar


As demand from Wall Street for securitization of marketplace loans continues to grow, so does the scrutiny from rating agencies and investors. This informative 30-minute webinar explores successful strategies for structuring transactions for securitizations to receive favorable consideration from the rating agencies.

Events
Save 25% with promo code FIRSTASSOC17VIP
March 6 - March 7
Jacob Javits Center, 655 W 34th Street
New York, NY 

March 22, 2017   6:30 p.m.
Green Dragon Tavern & Museum
Carlsbad, CA