managing risks in consumer credit industry a working paper submitted to policy conference on chinese august 7 2004 beijing china jack niu 1 executive vice president mbna america wilmington delaware usa june abstract the past 10 years value of us has doubled reaching spectacular level 2 000 trillion by 2003 meanwhile risk management lending been becoming more and critical protect interest both lenders consumers consist two major categories systemic are tightly related regulatory environment this focuses practice prevention corresponding measures case studies practices card will be used illustrate these focus points during recent decades strategies especially for have sophisticated with availability statistical models scores analytical tools automatic decision making acquisition underwriting complicated portfolio widely utilized
