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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.
During the COVID-19 crisis in India, the credit bureaus rolled out a “restructured” code for Indian consumers for home, auto, and...
Dr. Michael Turner of PERC published an op-ed, Credit Reporting & COVID-19 – It’s Not a Sophie’s Choice, that appeared in...
Dr. Michael Turner published an op-ed, Credit Reporting & COVID-19 – It’s Not a Sophie’s Choice, that appeared in Inside Sources. Turner returned to an ongoing theme about the dangers of suppression of credit reporting.
In urging opposition to credit reporting suppression, some of the largest organizations representing the financial services community sent a letter to U.S. Sens. Mike Crapo (R-ID) and Sherrod Brown (D-OH), the chair and ranking member, respectively, of the Senate Banking Committee.
Deeper in the pandemic, in July 2020, the European Commission largely adopted U.S. policies on how financial institutions and credit bureaus...
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...
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.
On May 22, 2020, U.S. Sen. Tim Scott (R-SC) led a letter signed by several members of the Senate Banking Committee, including Chairman...
In April 2020, the Policy & Economic Research Council (PERC) issued a blog posting, COVID-19 and Credit Reporting: Suppression is Not...
Blog Post Press Release Report
2020
In April 2020, the Policy & Economic Research Council (PERC) issued a blog posting, COVID-19 and Credit Reporting: Suppression is Not the Solution.
With the support of U.S. Rep. Maxine Waters (D-CA), chair of the House Financial Services Committee, U.S. Rep. Ayanna Pressley (D-MA)...
On June 20, the House Financial Services Committee held a hearing, Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response.