Garnet Capital is a financial services company specializing in managing loan portfolio sales and providing valuation services.
The COVID-19 pandemic has had devastating effects on many people and companies. Ordinarily, in a crisis, you would expect banks to extend more loans to cash-strapped consumers. However, the actual situation is different. The total loans extended by banks have dwindled while the banks' deposits have increased significantly.
Of the many predictions and forecasts experts made on COVID-19’s effects and its subsequent lockdowns on the Financial Sector, very little light was shed on the excess liquidity that may result from it. A year later, banks are still grappling with excess deposits that have grown at an alarming rate.
The Fed Vice Chair for Supervision is exhorting the banks to lend more but realizes that there may be disincentives. One avenue banks and credit union can take is to buy high quality, shorter duration consumer assets with yields to bolster balance sheets.
Garnet is proud to be a sponsor at this relaxed, family-friendly gathering, which provides attendees the opportunity to network with other executives, converse with policymakers, and learn the latest in compliance and operations. Cultivate relationships built at the Annual Conference in April through executive-level networking. Besides the results of your networking, you will take away what you learn from the education sessions covering legal, legislative, and regulatory updates and new industry trends.
Building on previous AFSA conferences, you will: Explore the evolving landscape of consumer credit – from global to local – and learn what to expect in the coming months. Interact with our keynote speakers, panelists, industry colleagues and policymakers . Participate in thought–provoking breakouts and roundtable discussions. Network with other attendees, sharing best practices that increase your bottom line and enhance your customer relations.
The Auto Finance Summit draws attendees from the full spectrum of lending. Participants can expect to connect with a diverse group of executives from both prime and nonprime banks, credit unions, floorplan lenders, thrifts, dealerships and service providers through our on-site networking opportunities, the matchmaking algorithm, and through the virtual event platform.
Your Capital Markets Liquidity Solution
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How Garnet Can Help Via Warehouse Facility and Whole Loan Sales