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Affiliated Industry Association News

FEBIS Annual Conference

Febis is holding its ANNUAL CONFERENCE 2013 in Istanbul from 25-09-2013 to 27-09-2013 To register contact: Julia Walbaum Hanse Debitoren Management D-22525 Hamburg Phone: +49 40 85 41 41 11 begin_of_the_skype_highlighting +49 40 85 41 41 11 FREE end_of_the_skype_highlighting Fax: + 49 40 850 01 97 E-Mail: [email protected] Read More »

Quality of Consumer Credit Information: PERC report and FTC Report Share a Number of Similarities

Results from the 2011 Policy and Economic Research Council (PERC) report U.S. Consumer Credit Reports: Measuring Accuracy and Dispute Rates are similar to the recently released Federal Trade Commission (FTC) report on the accuracy of consumer credit reports maintained by the three nationwide consumer reporting agencies (CRAs). PERC released a white paper, Comparing FTC and PERC Studies on Measuring the ... Read More »

Consumer Data Quality Issues: CDIA Response to ’60 Minutes’

The US news media corporation CBS aired a program on ‘60 Minutes’ concerning the recent FTC study that up to 40 million Americans have mistakes on their credit reports.  The ’60 Minutes’ correspondent Steve Kroft reported on why little is being done to fix the errors. The US based Consumer Data Industry Association (CDIA) published its response to the somewhat ... Read More »

Shooting the Messenger? U.S. DOJ Ready to Bear Down on Ratings Agency Standard & Poor’s

The U.S. Department of Justice (DOJ) confirmed what began as speculation from media sources and eventually the defendant itself, on February 4, by filing a lawsuit against one of the “big three” credit ratings agencies. Just weeks after the European Union voted on measures essentially designed to censor overly-negative analysis, warranted or not, by the agencies, the U.S. federal government ... Read More »

Commercial Credit Information: Disclosure of Sources of Negative Information Looms

A bill in the Virginia House of Delegates would require commercial credit reporting agencies to identify their sources of “negative information” when they provided a copy of a report to the subject.  This means that Virginia buyers would know which of their suppliers shared any of their negative payment history with a commercial credit reporting agency. The bill, HB 2198, ... Read More »

US Risk Climate: Bankruptcies down 22% in 2012

Despite a pair of noteworthy increases near year’s end, 2012 closed with commercial bankruptcy filings at their lowest total since the 2008 financial crisis. According to data provided to the American Bankruptcy Institute (ABI) by Epiq Systems, Inc., there were 57,788 total commercial bankruptcies during calendar year 2012, a 22% drop from the 74,415 filings during the same period in 2011. Chapter 11 ... Read More »

Credit Bureau Data Quality

Credit report data are highly accurate and reliable. Various studies have determined the accuracy rate of credit reports exceeds 98 percent. In short, consumers are served exceptionally well by the accurate and complete information contained in their credit reports that enables them to purchase on credit those goods and services that are important to the well being of their families. ... Read More »

Credit Managers’ Index (CMI) Declines on Disappointing Sales Figures

Though a number of favorable factors that help comprise the National Association of Credit Management’s Credit Mangers’ Index (CMI), problems with sales ultimately outweighed the positive toward the end of 2012. The CMI, available Friday afternoon (see link at bottom of story), will show a slight decline for the month largely on disappointing sales figures. NACM economist Chris Kuehl believes ... Read More »

Cortera Pulse Named SIIA CODiE Award Finalist for Best Business Information Solution

Cortera®, a provider of business-to-business payment and purchase data and insights for U.S. companies, announced its Cortera Pulse, a B2B intelligence solution, has been named a 2013 Software & Information Industry Association (SIIA) Content CODiE award finalist for the Best Business Information Solution category. Finalists in the Content categories represent the best products, technologies and services created by or for ... Read More »

Credit Impacts of More Comprehensive Credit Reporting in Australia and New Zealand

PERC released a report on the impact of comprehensive credit reporting in Australia and New Zealand. The report summarizes the results from a pioneering joint undertaking by PERC and Dun & Bradstreet Australasia using credit data from 1.8 million Australians. The results of this study show strong empirical support for the credit reform in Australia.  With fair file reporting, fewer ... Read More »