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Dr. Michael Turner Speaks at the BIIA 10th Anniversary Business Information Conference

PERC is Tirelessly Championing Alternative Data – Alternative Data Can Be Used to End Credit Invisibility and Drive Financial Inclusion. For more than a decade, PERC has been the global thought leader on alternative data. They are the only institution on earth solely dedicated to this issue. And they don’t stop there. They develop solutions and create tools to help ... Read More »

PERC Study Examines the Impacts of Full-file Information Sharing on Competition in Lending Markets

PERC’s new study The Impacts of Information Sharing on Competition in Lending Markets specifically explores whether bank concentration falls following a shift to full-file credit sharing.   The key findings from the research include: Shifts to full-file credit reporting are not associated with meaningful changes in bank concentration/market power, and Consistent with past findings, greater information sharing is associated with ... Read More »

Credit Impacts of More Comprehensive Credit Reporting in Australia and New Zealand

PERC released a report on the impact of comprehensive credit reporting in Australia and New Zealand. The report summarizes the results from a pioneering joint undertaking by PERC and Dun & Bradstreet Australasia using credit data from 1.8 million Australians. The results of this study show strong empirical support for the credit reform in Australia.  With fair file reporting, fewer ... Read More »

PERC Releases Study on Comprehensive Credit Reporting in Australia

PERC released a new study detailing the impacts of more comprehensive credit reporting in Australia and New Zealand. The report, Credit Impacts of More Comprehensive Credit Reporting in Australia and New Zealand, summarizes the results from a joint undertaking by PERC and Dun & Bradstreet Australasia using credit data from 1.8 million Australians. “The results of the analysis provide strong ... Read More »

Use of Alternative Data for Financial Inclusion Spreading Globally: Mobile Phone and Social Network Data Show Promise

PERC lauds the initiative taken by the Consultative Group to Assist the Poor (CGAP) of the World Bank Group to drive financial inclusion using mobile phone call log data or the call detail record (CDR) as part of a person’s digital footprint. PERC approached CGAP and other organizations on this concept nearly five years ago, proposing research and seeking a ... Read More »

A New Pathway to Financial Inclusion: Alternative Data, Credit Building, and Responsible Lending in the Wake of the Great Recess

This PERC 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. Authors:  Michael A. Turner, Ph.D., Robin Varghese, Ph.D., Patrick Walker, M.A., Sukanya Chaudhuri, PhD. To download the report click ... Read More »

Alternative Data Repairs Bad Credit, Increases Credit Access

At a briefing on Capitol Hill, the Policy and Economic Research Council (PERC) released a report on the consumer credit impacts of including fully reported (timely and late payment data) non-financial payment data (so-called “alternative data”) in consumer credit reports. The study, A New Pathway to Financial Inclusion, suggests that despite economic changes, alternative data provides enormous lift to lenders ... Read More »

US Credit Report Quality: Vast Amount is Accurate According to PERC Study

US consumers can rest easier if they are concerned that there is a likelihood that errors in their credit reports are negatively affecting their credit worthiness, a new study released by the Policy and Economic Research Council (PERC) shows. Conducted under rigorous peer review, the PERC research is the most comprehensive and statistically sound study to ever be performed on ... Read More »