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During the COVID-19 pandemic, the U.K. Financial Conduct Authority (FCA) issued a statement in July 2020 that reversed a temporary suspension of credit reporting in support of reporting consumers in financial accomodations.
With the support of Insurance Commissioner Mark Kreidler (D) and Governor Jay Inslee (D), S.B. 5010 was introduced in the 2021...
During the COVID-19 crisis in India, the credit bureaus rolled out a “restructured” code for Indian consumers for home, auto, and...
In August 2020, the CFPB issued a report, The Early Effects of the COVID-19 Pandemic on Consumer Credit. The Bureau also issued this press release covering the report.
In August 2020, CDIA filed a comment with the Nevada Commissioner of Insurance to express concern with proposed LCB File No. R087-20...
Dr. Michael Turner of PERC published an op-ed, Credit Reporting & COVID-19 – It’s Not a Sophie’s Choice, that appeared in...
In August 2020, the CFPB issued a report, The Early Effects of the COVID-19 Pandemic on Consumer Credit. The Bureau also issued a press release covering the report.
The U.K. Financial Conduct Authority (FCA) issued a statement in July 2020 that reversed a temporary suspension of credit reporting.
Deeper in the pandemic, in July 2020, the European Commission largely adopted U.S. policies on how financial institutions and credit bureaus...
Deeper in the pandemic, in July 2020, the European Commission largely adopted the how financial institutions and credit bureaus should treat consumers in financial peril as a result of the COVID-19 pandemic.
CDIA sponsored a webinar with Michael A. Turner, Ph.D., founder, president, and CEO of PERC; and Patrick Walker, M.A., director of research of PERC. PERC is the Policy & Economic Research Council (PERC).
Hearing Record
2020
In June 2020, U.S. Rep. Patrick McHenry (R-SC), the ranking member of the House Financial Services Committee, entered in the the Congressional...
On June 19, 2020, CFPB Director, Kathy Kraninger addressed CDIA members and financial institutions at a virtual event hosted by CDIA.
A paper was released in June 2020 by Chesapeake Risk Advisors, LLC. The paper, Economic Impacts of a Moratorium on Consumer Credit Reporting discusses the risks associated with data suppression.
During the COVID-19 pandemic, global financial authorities have been encouraging full reporting, and not suppression.