The Chilean credit information sharing system has been fragmented for many years. While retailers account for most of the consumer lending market, banks have been making gains largely aided by a private credit bureau. Meanwhile, the Chilean Chamber of Commerce had maintained a negative-only credit black list for retailers. The government has enacted some reforms recently designed to move toward a full-file and comprehensive credit-reporting regime. PERC has advocated this, and has undertaken outreach in Chile including:
- Conducting original research on need for reform in Chilean consumer credit information sharing;
- Keynote address at 3rd Credit and Collections Congress in Santiago;
- Addressing Chilean Chamber of Commerce executives on best practices and emerging trends in consumer credit reporting; and,
- Advising government officials.