Author Archives: Rabih

APFF 2020 PROGRESS REPORT

July 9, 2020    World Wide Web Dr. Turner attended the virtual drafting session of the Asia-Pacific Financial Forum’s 2020 Progress Report, and spoke about credit information sharing efforts in Hong Kong and the Philippines. Our latest report on Hong Kong can be accessed here. The Progress Report will be finalized this month for the APEC Finance […]

PERC REPORT RECOMMENDS UPDATES TO HONG KONG’S CREDIT INFORMATION REGULATORY FRAMEWORK

July 9, 2020    Durham, NC A new report from the Asia-Pacific Credit Coalition (APCC) and the Policy and Economic Research Council (PERC) on the Hong Kong credit information sharing market recommends regulations be updated to facilitate financial inclusion and competition. The report, titled “Credit Information Sharing in Hong Kong,” reviews the market dynamics in Hong Kong, including data […]

COVID-19 & CREDIT REPORTING: SUPPRESSION IS NOT THE SOLUTION

April 21, 2020 Durham, NC There remains tremendous uncertainty surrounding the global COVID-19 pandemic as a health care crisis. There is also uncertainty about the economic collateral damage being caused by the pandemic—primarily around the slope of the economic recovery curve (will the curve be “V-,” “U-,” or “L-shaped?”). Whatever recovery trajectory different affected economies ultimately […]

ENSURING THE SMALL BUSINESS PAYCHECK PROTECTION PROGRAM WORKS: LESSONS LEARNED FROM GULF COAST SMES POST-KATRINA

The following discusses the need to ensure that the Small Business Paycheck Protection Program works by using lessons learned from Gulf Coast SME recovery post-Katrina; April 6th, 2020 The COVID-19 pandemic is first and foremost a health crisis. The responses needed to stymie the rate of infections is producing an economic crisis, devastating small businesses, […]

MESSAGE FROM OUR PRESIDENT & CEO

In the midst of the emerging COVID-19 health crisis, the thoughts of PERC’s/PERC Canada’s teams are with our supporters and their families, as well as at-risk communities in the US and globally. While our immediate concern is for ensuring health and safety in the short-term, PERC is working with our supporters, policymakers, regulators, influencers, and others to help mitigate the anticipated and possibly devastating and enduring economic impacts on financially […]

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. […]