This paper reviews research carried out by score developers, CRAs, and other organizations on the impacts and potential of alternative data.
The Impacts of Information Sharing on Competition in Lending Markets
This study examines how shifting to full file credit sharing systems might impact lender competition. It specifically explores whether bank concentration falls following a shift to full-file credit sharing.
Credit Bureaus in Emerging Markets: Overview of Ownership & Regulatory Frameworks
Comparing FTC and PERC Studies on Measuring the Accuracy of U.S. Consumer Credit Reports
This report compares findings from the FTC and PERC studies on the data accuracy of U.S. consumer credit reports. The two studies have very similar results.
Summary of A Reexamination of Who Gains and Who Loses from Credit Card Payments
This report is a summary of A Reexamination of Who Wins and Who Loses from Credit Card Payments, which provides an in-depth analysis and reexamination of the theory explored by authors of the Federal Reserve Bank of Boston in 2010 that credit cards and credit card rewards programs lead to a regressive transfer of merchant costs at the point of sale. It examines how sensitive the Boston Fed staff report findings are to variations in the underlying assumptions and modifications to the accounting framework used.
A Reexamination of Who Gains and Who Loses from Credit Card Payments
This report provides an in-depth analysis and reexamination of the theory explored by authors of the Federal Reserve Bank of Boston in 2010 that credit cards and credit card rewards programs lead to a regressive transfer of merchant costs at the point of sale. It examines how sensitive the Boston Fed staff report findings are to variations in the underlying assumptions and modifications to the accounting framework used.
The Credit Impacts on Low-Income Americans from Reporting Moderately Late Utility Payments
“The Credit Impacts on Low-Income Americans from Reporting Moderately Late Utiity Payments,” is a follow-up to the June 2012 report, “A New Pathway to Financial Access.” The new report addressess concerns some had about the impacts of reporting moderately late utility payments for low-income Americans.
Credit Impacts of More Comprehensive Credit Reporting in Australia and New Zealand
This report details the impacts of more comprehensive credit reporting in Australia and New Zealand. The report summarizes the results from a joint undertaking by PERC and Dun & Bradstreet Australasia using credit data from 1.8 million Australians.
A New Pathway to Financial Inclusion
This study compares results with data from2005/2006 and 2009/2010 credit reports to assess the consumer credit impact of including fully reported alternative data in credit reports. The data was selected to capture the period during which unemployment and late payments spiked.
U.S. Consumer Credit Reports: Measuring Accuracy and Dispute Impacts
This report assesses the accuracy and quality of data collected and maintained by the three major nationwide Consumer Reporting Agencies (CRAs): Equifax, Experian, and TransUnion. The study enabled consumers to review their credit reports and credit scores from one or more of the three CRAs, to identify potential inaccuracies, and to file disputes as necessary through the consumer dispute resolution process governed by the FCRA, and to report on their satisfaction with the dispute outcome. The impact of the disputes is measured through credit score and credit risk tier changes.