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Tag Archives: PERC

USA: Proposed Regulations Aims to Unlock the Potential of Alternative Credit Data

FICO BankingAnalyticsBlog reports that in a world of Big Data analytics, debate continues to heat up around the potential of “alternative data” to benefit both businesses and consumers.  This hot-button issue has caught the attention of leaders on Capitol Hill. Two congressmen in particular are actively pursuing new legislation that would expand the payment data found in credit reports. US ... Read More »

PERC releases new report, “The Credit Impacts on Low-Income Americans from Reporting Moderately Late Utility Payments”

In response to questions regarding the June 2012 release of the report, “A New Pathway to Financial Inclusion,” the Policy and Economic Research Council (PERC) released a follow-up report focusing on the impacts of reporting moderately late payments to (CRAs), also known as credit bureaus. “The Credit Impacts on Low-Income Americans from Reporting Moderately Late Utility Payments,” addresses the accusation ... Read More »

PERC Releases Study on Comprehensive Credit Reporting in Australia

PERC released a new study detailing the impacts of more comprehensive credit reporting in Australia and New Zealand. The report, Credit Impacts of More Comprehensive Credit Reporting in Australia and New Zealand, summarizes the results from a joint undertaking by PERC and Dun & Bradstreet Australasia using credit data from 1.8 million Australians. “The results of the analysis provide strong ... Read More »

Use of Alternative Data for Financial Inclusion Spreading Globally: Mobile Phone and Social Network Data Show Promise

PERC lauds the initiative taken by the Consultative Group to Assist the Poor (CGAP) of the World Bank Group to drive financial inclusion using mobile phone call log data or the call detail record (CDR) as part of a person’s digital footprint. PERC approached CGAP and other organizations on this concept nearly five years ago, proposing research and seeking a ... Read More »

A New Pathway to Financial Inclusion: Alternative Data, Credit Building, and Responsible Lending in the Wake of the Great Recess

This PERC 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. Authors:  Michael A. Turner, Ph.D., Robin Varghese, Ph.D., Patrick Walker, M.A., Sukanya Chaudhuri, PhD. To download the report click ... Read More »

Alternative Data Repairs Bad Credit, Increases Credit Access

At a briefing on Capitol Hill, the Policy and Economic Research Council (PERC) released a report on the consumer credit impacts of including fully reported (timely and late payment data) non-financial payment data (so-called “alternative data”) in consumer credit reports. The study, A New Pathway to Financial Inclusion, suggests that despite economic changes, alternative data provides enormous lift to lenders ... Read More »

Happy Birthday PERC!

BIIA congratulates PERC and its President Dr. Michael Turner for their 10th Anniversary. The Policy and Economic Research Council (PERC) is a non-partisan, non-profit policy institute devoted to research, public education, and outreach on public and economic policy matters. PERC works with both the public and private sector, harnessing the power of market forces and harmonizing them with a clear ... Read More »

US Credit Report Quality: Vast Amount is Accurate According to PERC Study

US consumers can rest easier if they are concerned that there is a likelihood that errors in their credit reports are negatively affecting their credit worthiness, a new study released by the Policy and Economic Research Council (PERC) shows. Conducted under rigorous peer review, the PERC research is the most comprehensive and statistically sound study to ever be performed on ... Read More »