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 […]
New Report Explores Socially Beneficial Uses of Core Data
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 that many companies’ “core” data assets are used for other, non-core, ancillary applications that are often overlooked. It looks at how data makes outcomes more efficient in public safety, health, financial inclusion, and […]
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 […]
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 […]
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
PERC urges Congress to amend the Credit Repair Organization Act (CROA) and exempt credit education firms.
CROA–designed to protect consumers from scam credit repair firms–was never intended to apply credit education. PERC research shows that personalized credit report and score education works–many experience increased scores and move into better risk tiers. The same studies also show that CROA deters people from using personalized credit education. Many are fearful of their credit reports and […]
Information Policy Institute White Paper Examines Data Breach Notification Legislation
A recent examination of data breach notification conducted by the Information Policy Institute identifies some pitfalls in many proposed data breach notification bills and laws. The study Towards a Rational Personal Data Breach Notification Regime by Michael Turner, President and Senior Scholar of the Political and Economic Research Council, examines trends in identity theft, identity […]
Information Policy Institute encourages Congress to enact a rational and uniform national law on consumer credit file freezing
The Information Policy Institute today released a white paper endorsing the enactment of a rational and uniform national consumer credit file freeze law. “File freeze legislation enacted in the states gives roughly one-third of all Americans some ability to freeze their credit report. These laws, however, are all over the map. Given the existence of […]
IPI study examines alternatives for underserved consumers to receive better access to mainstream credit system
As many as 35 million Americans could potentially qualify for credit from mainstream lenders by using alternative financial data in consumer reports, according to a new study released today at a symposium on consumer credit hosted by the Information Policy Institute and Experianâ, a global information solutions company. “This study finds that data from utility […]