Research and Applications
PERC is a non-profit organization dedicated to finding Information Solutions for Development Challenges worldwide. Going beyond the standard think tank model of solely carrying out research and producing reports, our staff develops real-world applications and works with policy makers at all levels to bring about the change we seek.
Find out more: About PERC
Serving the Missing Middle
PERC's mission is to serve the Missing Middle, the almost 4 billion people above the global poverty line who do not have access to affordable mainstream credit, by utilizing a new type of economic development: information-led development.
Find out more: Information-Led Development, Who are the missing middle?
Overcoming the Catch-22
Up to 70 million Americans are excluded from the financial mainstream because of the Credit Catch-22: you need to have a history of debt to get credit. PERC's Alternative Data Initiative has already helped many Americans overcome this Catch-22 and access affordable mainstream credit.
Find out more: Alternative Data Initiative
Smart Disaster Recovery
PERC has developed metrics for the Louisiana Recovery Agency and the World Bank to track small business recovery from natural disasters.
Find out more: Gulf Coast Economic Renewal
Donate to PERC
You can help support PERC's mission of global asset building by donating via Paypal. PERC is a 501(c)3 non-profit organization incorporated in the state of North Carolina. All donations are tax deductible.
September 24, 2003 (Washington D.C.)
Dr. Michael A. Turner, President and Senior Scholar of the Information Policy Institute today addressed the Congressional Economic Leadership Institute (CELI) in Washington D.C. CELI assembled a blue ribbon panel of experts to discuss ongoing issues related to the renewal of the Fair Credit Reporting Act. Other Participants included, J. Howard Beales, III, Director of the Federal Trade Commission's Bureau of Consumer Protection, and Ed Mierzwinski, Consumer Program Director for the U.S. Public Interest Research Group
Moderated by David Klaus, President and CEO of CELI, each member of the panel had an opportunity of to present their opinion regarding the renewal of FCRA legislation followed by a period for Q&A. The event was well attended by Congressional staffers, regulators, the press and industry watchers.
Dr. Turner presented the Institute's findings from it's recent report, The Fair Credit Reporting Act: Access, Efficiency, and Opportunity. Dr. Turner also presented new findings from a follow-up study to the initial report. Both reports were prepared jointly by the Institute and the National Chamber Foundation of the U.S. Chamber of Commerce.
Citing this new research, Dr. Turner, stated that "80% to 90% of consumers could expect to see a change in their credit scores," if FCRA preemptions are modified or allowed to expire. Dr. Turner warned of the consumer fallout stating that "roughly 6.3 million borrowers who would have approved for general purpose credit would be denied credit."
After the panel concluded Dr. Turner stated, "CELI provides a valuable avenue to educate both members and staff on Capitol Hill. Our participation here is just another example of the success our Research, Education and Outreach (REO©) model has for major policy debates.
Printer-friendly versionAsia-Pacific Credit Coalition
APCC is a PERC-managed coalition committed to promoting a regional standard for full-file, comprehensive consumer credit reporting to private credit bureaus within the 21 Asia-Pacific Economic Cooperation (APEC) member economies. Please visit PERC's coalition for credit standards in the APEC region, the Asia-Pacific Credit Coalition
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