Monthly Archives: February 2020

MOBILE NETWORK OPERATORS MUST CREDIT REPORT LOAN DATA

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. […]

COUNTING RENT WOULD IMPROVE CREDIT SCORES OF PUBLIC HOUSING RESIDENTS, HUD FINDS

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 […]

NEW REPORT EXPLORES PROBLEM OF ‘CREDIT INVISIBILITY’ AMONG HUD-ASSISTED HOUSEHOLDS

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. […]

POTENTIAL IMPACTS OF CREDIT REPORTING PUBLIC HOUSING RENTAL PAYMENT DATA

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 […]

NEW REPORT EXPLORES SOCIALLY BENEFICIAL USES OF CORE DATA

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 […]