News

Expanded Public Credit Registries May Harm Lower Income Borrowers/MSMEs

A new report released this week by the Policy and Economic Research Council (PERC) on the dynamics between private credit bureaus (PCBs) and public credit registries (PCRs) found growing global momentum to strengthen PCRs. The report, titled “Are Expanding PCRs Crowding Out PCBs?” looked at the potentially harmful effects of this trend and the optimal […]

PERC Calls for Non-Financial Lenders to be Recognized as Creditors Under ECOA & Regulation B

In comments to the Consumer Financial Protection Bureau’s request for information, the Policy & Economic Research Council (PERC) called for certain non-financial lenders—including but not limited to mobile network operators or MNOs—to be explicitly recognized in the definition of “creditors.” The CFPB had requested information to identify opportunities to prevent credit discrimination, promote fair, equitable, […]

Latest PERC Report on Philippines Credit Information System Recommends Amendments to CISA

A new report released by the Makati Business Club (MBC) and the Policy & Economic Research Council found that the Credit Information Sharing Act (CISA) in the Philippines has resulted in an underperforming credit information sharing system. The report, titled Philippine Credit Information Study, offered recommendations and possible amendments to CISA in order to improve […]

APFF 2020 Progress Report

Dr. Turner attended the virtual drafting session of the Asia-Pacific Financial Forum’s 2020 Progress Report, and spoke about credit information sharing efforts in Hong Kong and the Philippines. Our latest report on Hong Kong can be accessed here. The Progress Report will be finalized this month for the APEC Finance Ministers and made available for […]

PERC Report Recommends Updates to Hong Kong’s Credit Information Regulatory Framework

A new report from the Asia-Pacific Credit Coalition (APCC) and the Policy and Economic Research Council (PERC) on the Hong Kong credit information sharing market recommends regulations be updated to facilitate financial inclusion and competition. The report, titled “Credit Information Sharing in Hong Kong,” reviews the market dynamics in Hong Kong, including data gaps, the […]

COVID-19 & Credit Reporting: Suppression is Not the Solution

There remains tremendous uncertainty surrounding the global COVID-19 pandemic as a health care crisis. There is also uncertainty about the economic collateral damage being caused by the pandemic—primarily around the slope of the economic recovery curve (will the curve be “V-,” “U-,” or “L-shaped?”). Whatever recovery trajectory different affected economies ultimately travel along, the following […]