CDIA

10th World Consumer Credit Reporting Conference a Great Success

One can hardly believe the WCCRC is 20 years ‘young’ and it has successfully concluded its 10th conference.  Approximately 200 information professionals attended the recent 10th WCCRC event in Toronto.  As in the past attendees came from every continent.  Key topics for this year’s conference were as follows:  Not surprising FinTech, Cyber Security, Credit Scoring, Financial Inclusion and Cross Border ... Read More »

CoreLogic Names Stuart Pratt Senior Vice President of Government and Industry Relations

CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today announced the appointment of Stuart Pratt as senior vice president of Government and Industry Relations. In his role, Pratt will oversee engagement with the Administration, Congress, state legislatures and other policymakers as well as relationships with think tanks, consumer advocacy groups, and trade associations. Pratt will work closely ... Read More »

Cross Border Data Transfer Topic now on the WCCRC2016 Agenda

The following is a message from the Organizing Committee of the 10th World Consumer Credit Reporting Conference (WCCRC2016): One of the most talked about issues from a global perspective is the impact of the various cross-border data proposals that are taking place. In October 2015, the European Union Safe Harbor framework was invalidated because it did not provide a sufficient ... Read More »

10th World Consumer Credit Reporting Conference

The 10th World Consumer Credit Reporting Conference will take place September 24-27, 2016 in Toronto, Canada – Fairmont Royal York Hotel The Fairmont Royal York, a luxury hotel located in the center of downtown Toronto, will host the tenth World Consumer Credit Reporting Conference September 24-27, 2016.  The Fairmont is just minutes away from some of Toronto’s biggest attractions including: Luxury ... Read More »

Equifax, Experian, TransUnion in Settlement of US$6 m with 31 State Attorneys

Equifax, Experian and TransUnion have agreed to improve their approach to fixing mistakes on credit reports and address consumer disputes more effectively under a $6 million settlement with 31 state attorneys. The credit bureaus pledged to more closely scrutinize companies that furnish them with data and to curb the marketing of credit monitoring products to consumers who dispute information on ... Read More »

US Credit Bureaus Launch National Consumer Assistance Plan

Equifax, Experian and TransUnion Launch National Consumer Assistance Plan to Enhance Credit Report Accuracy, Consumer Experience Equifax, Experian and TransUnion announced a National Consumer Assistance Plan that will enhance their ability to collect complete and accurate consumer information and will provide consumers more transparency and a better experience interacting with credit bureaus about their credit reports. The plan was announced ... Read More »

The Consumer Financial Protection Bureau (CFPB) Is Clear: You Can’t Outsource Responsibility

Federal regulators have demonstrated through recent regulatory guidance and enforcement actions that financial institutions are responsible for managing third party service providers’ activities. Recently, Peggy Twohig, the CFPB’s Assistant Director for Nonbank Supervision, went a step further, indicating that if a service provider is not meeting regulator expectations, a financial institution should renegotiate or even sever the relationship. This means ... Read More »

9th World Consumer Credit Reporting Conference Dubai 2014 a Great Success

The 9th World Consumer Credit Reporting Conference (October 19/21 2014 Grand Hyatt Dubai) was an outstanding success with over 300 credit information and financial services professionals attending. The event was organized by CDIA, the Consumer Data Industry Association (USA), ACCIS, the European Association for Consumer Credit Information Services, and the Credit Bureau of Saudi Arabia (SIMAH). Key topics centered on ... Read More »

9th World Consumer Credit Reporting Conference, Dubai UAE

Registrations for the 9th World Consumer Credit Reporting Conference in Dubai are ahead of expectations. As a result, we are close to reserving all the rooms we requested at the Hyatt, especially those at the guaranteed conference rate for delegates coming in before Oct. 19, or staying after Oct. 21. The Conference agenda is set. Some of the timely sessions ... Read More »

Mark Your Calendar: 9th Global Consumer Credit Reporting Conference

The 9th Global Credit Reporting Conference to Be Held At Grand Hyatt Dubai The organizing committee for the 9th World Consumer Credit Reporting Conference has chosen the Grand Hyatt Dubai to host the event October 19-21, 2014. Centrally located close to all the major attractions in Dubai, the spectacular Grand Hyatt is a five-star property surrounded by 37 acres of ... Read More »

Consumer Data Quality Issues: CDIA Response to ’60 Minutes’

The US news media corporation CBS aired a program on ‘60 Minutes’ concerning the recent FTC study that up to 40 million Americans have mistakes on their credit reports.  The ’60 Minutes’ correspondent Steve Kroft reported on why little is being done to fix the errors. The US based Consumer Data Industry Association (CDIA) published its response to the somewhat ... Read More »

Credit Bureau Data Quality

Credit report data are highly accurate and reliable. Various studies have determined the accuracy rate of credit reports exceeds 98 percent. In short, consumers are served exceptionally well by the accurate and complete information contained in their credit reports that enables them to purchase on credit those goods and services that are important to the well being of their families. ... Read More »

From the 8th WCCRC 2012 Conference in Taipei: Benefits Flow to UK Water Company from Sharing Payment Data

Jonathon Harding presented the success achieved by Yorkshire Water company in the UK of sharing payment data with the credit industry.  Amongst the benefits were an increase in the quality of their customer data, enabling them to improve the number of records on their file with full name & address from 25% to 75%.  This improvement allowed them to improve ... Read More »