A new report released by the Policy & Economic Research Council (PERC) found that proposed data suppression/deletion measures to address the economic fallout of COVID-19 will dramatically reduce access to credit should they be implemented. The report, titled “Impacts from System-Wide Suppression of Derogatory Data in Credit Reporting,” simulated the impacts of largescale suppression and […]
Expanded Public Credit Registries May Harm Lower Income Borrowers/MSMEs
A new report released this week by the Policy and Economic Research Council (PERC) on the dynamics between private credit bureaus (PCBs) and public credit registries (PCRs) found growing global momentum to strengthen PCRs. The report, titled “Are Expanding PCRs Crowding Out PCBs?” looked at the potentially harmful effects of this trend and the optimal […]
Summer 2021
PERC Calls for Non-Financial Lenders to be Recognized as Creditors Under ECOA & Regulation B
In comments to the Consumer Financial Protection Bureau’s request for information, the Policy & Economic Research Council (PERC) called for certain non-financial lenders—including but not limited to mobile network operators or MNOs—to be explicitly recognized in the definition of “creditors.” The CFPB had requested information to identify opportunities to prevent credit discrimination, promote fair, equitable, […]
Latest PERC Report on Philippines Credit Information System Recommends Amendments to CISA
A new report released by the Makati Business Club (MBC) and the Policy & Economic Research Council found that the Credit Information Sharing Act (CISA) in the Philippines has resulted in an underperforming credit information sharing system. The report, titled Philippine Credit Information Study, offered recommendations and possible amendments to CISA in order to improve […]
SUMMER 2020
APFF 2020 Progress Report
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 Ministers and made available for […]
PERC Report Recommends Updates to Hong Kong’s Credit Information Regulatory Framework
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 gaps, the […]
PERC Report Finds COVID-19 Data Suppression/Deletion Measures Likely to be More Harmful than Helpful
A new report released last week by the Policy & Economic Research Council (PERC) found that data suppression/deletion measures put forward in some proposed legislation addressing the economic fallout of COVID-19 was more likely to harm borrowers than to help them. The report, titled “Addition is Better than Subtraction: The Risks from Data Suppression and […]