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

Washington, D.C.

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 when assessing credit risk. 

Click here to read the report.