Authors Archives: Patrick Walker, M.A.

A New Pathway to Financial Inclusion

This study compares results with data from2005/2006 and 2009/2010 credit reports to assess the consumer credit impact of including fully reported alternative data in credit reports. The data was selected to capture the period during which unemployment and late payments spiked.

U.S. Consumer Credit Reports: Measuring Accuracy and Dispute Impacts

This report assesses the accuracy and quality of data collected and maintained by the three major nationwide Consumer Reporting Agencies (CRAs): Equifax, Experian, and TransUnion. The study enabled consumers to review their credit reports and credit scores from one or more of the three CRAs, to identify potential inaccuracies, and to file disputes as necessary through the consumer dispute resolution process governed by the FCRA, and to report on their satisfaction with the dispute outcome. The impact of the disputes is measured through credit score and credit risk tier changes.

Louisiana Small Businesses Five Years Post-Katrina: Assessing LDRF Program Impacts And Measuring Existing Needs

This report examines the continuing impact of Hurricane Katrina and other disasters on small businesses and the self-employed in Louisiana. Primary to this research was an examination of the impacts of aid received from the Community Development Organizations (CDOs) funded in part by the Louisiana Disaster Recovery Foundation (LDRF) as well as aid received from other sources. It also examines the extent of existing unmet needs of small businesses in Louisiana. For this research PERC surveyed over 1,600 small business operators and analyzed data from tens of thousands of Experian small business credit files.

The Economic Consequences of Credit Information Sharing

PERC was commissioned by the OECD to write a white paper on the economic value of personal financial data for a roundtable on the current environment for protecting privacy with a focus on the economic dimension. PERC’s white paper discusses how broader information-sharing backed by consumer rights has promoted efficiency and inclusion while maintaining and protecting confidentiality. It represents one of the first attempts to examine data sharing from the perspective of economic consequences. While the Fair Information Principles were disseminated 30 years ago, these guidelines have been understood largely in terms of privacy with little attention paid to the economic impacts of different information sharing systems. The white paper, relying on PERC research, as well as similar research by others, introduces policymakers to the effects of variations in financial information sharing.

Credit Reporting Customer Payment Data

This study examines the impact and benefits that accrue to consumers, lenders, and utilities and telecommunications firms when telecoms and utilities report customer payment information to credit bureaus.

New to Credit from Alternative Data

The report offers a broad overview of PERC research on alternative data, specifically focusing on the new to credit consumer population and how their ability to obtain credit is increased through the reporting of alternative data.