February 26, 2020 Washington, DC In comments to the Federal Trade Commission and Consumer Financial Protection Bureau’s request for comments on accuracy in consumer reporting, the Policy & Economic Research Council (PERC) called for legislation requiring mobile network operators (MNOs including AT&T, Sprint, T-Mobile, US Cellular, and Verizon Wireless) to report credit and payment data to credit bureaus. […]
Monthly Archives: February 2020
Published: February 2020 In these comments, we call for legislation requiring mobile network payment data to be reported to credit bureaus. We also comment on credit data accuracy practices, and call for more research to be done following our 2011 report on data accuracy & the FTC’s 2013 report. Changes and new phenomena in data […]
February 14, 2020 PERC’s joint-study with HUD was released today. We showed that including rental payment data in credit reports helps the majority of public housing authority tenants by increasing prime scores by more than 60 percent while eliminating credit invisibility. The report is the subject of an article in today’s WSJ. Click here for […]
February 13, 2020 Washington, DC Landlords and property management groups regularly use credit checks to make determinations about renting to potential tenants and many employers incorporate credit checks in hiring decisions. A low credit score or credit invisibility can thusly limit housing choice and employment opportunity for low-income families. A new first-of-its-kind study from the U.S. […]
Published: February 2020 This first of its kind joint-study by PERC and U.S. Department of Housing & Urban Development (HUD) investigates the impacts of reporting public housing authority (PHA) tenant rental payment data to credit bureaus. Credit invisibility affects 1 out of every 5 Americans, but in the lowest-income census tracks, almost 1 out of […]
February 7, 2020 Washington, DC A new joint-study from the U.S. Chamber of Commerce Technology Engagement Center (C_TEC) and the Policy and Economic Research Council (PERC) finds that many companies’ “core” data assets are used for other, non-core, ancillary applications that are often overlooked. It looks at how data makes outcomes more efficient in public safety, health, financial […]
June 9, 2019 The Canadian Lenders Association’s (CLA) workshop on credit invisibles and credit deserts was held at the Toronto law offices of Blake, Cassels & Graydon on June 5th. Situated in the financial district with views of the CN Tower, Michael Turner of Policy and Economic Research Council (PERC) kicked off the morning with […]