In comments to the Federal Trade Commission and Consumer Financial Protection Bureau’s request for comments on accuracy in consumer reporting, the Policy & Economic Research Council (PERC) called for legislation requiring mobile network operators (MNOs including AT&T, Sprint, T-Mobile, US Cellular, and Verizon Wireless) to report credit and payment data to credit bureaus. Each […]
NEW REPORT EXPLORES PROBLEM OF ‘CREDIT INVISIBILITY’ AMONG HUD-ASSISTED HOUSEHOLDS
Landlords and property management groups regularly use credit checks to make determinations about renting to potential tenants and many employers incorporate credit checks in hiring decisions. A low credit score or credit invisibility can thusly limit housing choice and employment opportunity for low-income families. A new first-of-its-kind study from the U.S. Department of Housing and […]
Counting Rent Would Improve Credit Scores of Public Housing Residents, HUD Finds
Study Finds No Evidence Data Breaches Increase Risk of Consumer Harm
A new joint-study from the U.S. Chamber of Commerce Technology Engagement Center (C_TEC) and the Policy and Economic Research Council (PERC) finds weak support for the commonly held belief that data breaches lead to widespread incidences of identity theft. The first-of-its-kind, comprehensive study titled “Data Flows, Technology, and the Need for National Privacy Legislation,” looked […]
A Brief History – and Future – of Credit Scores
Indian Public Credit Registry Should be Boon for Economy: Win-Win for Borrowers, Lenders, Regulators If Done Right
A new report from the Asia-Pacific Credit Coalition (APCC) and the Policy and Economic Research Council (PERC) lauds the recommendation from the High-Level Task Force (HTF) of the Reserve Bank of India (RBI) to incrementally move forward with the development and implementation of a public credit registry (PCR) in India. The APCC/PERC report, titled “Reply […]
Preventative steps key to protecting personal financial information
This piece contains from opinion contributor’s thoughts on what they should to protect yourself from the data breach and how anyone should respond to a future data breach. see more : http://thehill.com/opinion/finance/358929-preventative-steps-key-to-protecting-personal-finances
PERC and the US Department of Housing and Urban Development (HUD) are working on a joint-study to assess the impacts of including rental payment data in consumer credit reports.
PERC and the US Department of Housing and Urban Development (HUD) are working on a joint-study to assess the impacts of including rental payment data in consumer credit reports. There is growing support for this among policymakers as many millions of Americans struggle to build assets through homeownership and/or starting a small business. click the […]
More on Equifax Data Breach. PERC letter to the editor published in NY Times.
click the link to see more: https://www.nytimes.com/2017/10/01/opinion/equifax-data-breach.html?rref=collection%2Fsectioncollection%2Fopinion-letters
THE TRUTH ABOUT CREDIT SCORES
In a follow on piece to a story released early this week, Gillian White of The Atlantic examines the potential pros and cons of including full-file (positive and derogatory data) non-financial payment data (so-called alternative data) in consumer credit files. This is one of the better pieces of journalism I have seen in the 15 […]