NerdWallet CEO Sees 'Healthy Levels' of Credit Demand

What is the relationship between credit cycles and economic recessions?

• Credit cycles always lead to economic recessions.

• Credit cycles are only affected by interest rates.

• Credit cycles are generally correlated with economic recessions.

• Credit cycles are independent of economic recessions.

How does NerdWallet aim to assist consumers with financial products?

• By offering loans directly to consumers.

• By making financial products more shoppable and comparable.

• By providing free financial advice.

• By investing in consumer businesses.

What is a significant factor driving the demand for short-term credit?

• Government policies.

• Volatility in income and expenses.

• High interest rates.

• Stable income and expenses.

How are traditional financial institutions responding to fintech innovations?

• By adopting and incorporating these innovations into their workflows.

• By ignoring them completely.

• By reducing their own product offerings.

• By banning fintech companies.

What role does NerdWallet play in the current fintech landscape?

• It acts as a direct lender to consumers.

• It provides a platform for reviewing and comparing financial products.

• It offers investment advice to large corporations.

• It develops new financial regulations.