In April 2020, the Policy & Economic Research Council (PERC) issued a blog posting, COVID-19 and Credit Reporting: Suppression is Not the Solution. This posting sets forth a short but important point, data suppression in the wake of COVID-19 is more harmful for consumers and credit economies than not reporting accurately with consumers in accommodation programs. In July 2020, the Policy & Economic Research Council (PERC) followed up it’s April 2020 blog post with report finding that “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 Benefits of Adding More Positive Data in Credit Reporting reviewed previous research that looked at data deletion and found that lower-income and minority borrowers would be most harmed. The report also recommended adding positive (on-time) payment data of telecoms, cable and satellite TV, and broadband companies into the credit reporting system, rather than deleting negative (late) payment data.”

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A Summary of Federal Issues Impacting the Consumer Reporting Industry
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- New reports continue to support full credit reporting, and not data suppression
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