Who We Are:
The APCC is comprised of organizations –including
lenders, credit bureaus, and data analytics firms– committed to
promoting rational consumer credit reporting standards within APEC.
We are an affiliate organization of the Policy
and Economic Research Council (PERC), a 501(c)3 non-profit public
policy research institution based in Durham, North Carolina. For more
information about PERC visit perc.net.
We believe that the responsible use of robust credit
history data and other payment information leads to optimal credit
risk management. Sound credit risk management, in turn, increases
lending to the private sector, increases economic growth, broadens
and deepens credit access, and protects individuals from
In that credit markets are global and lenders are
increasingly global or regional in their focus, it is economically
sensible to have in place regional credit reporting standards based
upon proven principles.
In that APEC represents the largest, wealthiest, and
most dynamic economic region in the world, it is vital not only to
the individual APEC member economies but to the global economy that
credit risk management based on sophisticated decision sciences
becomes the norm in this region.
The APCC members believe that credit reporting should
be based on the following general principles:
1. Both positive and negative credit and payment
data should be reported to consumer reporting agencies;
Recognizing that the individual is owner of their own credit
information, consumer rights and protections are paramount. As
such, the OECD Fair Information Principles, including notice, access,
choice, correction, and redress, should be judiciously applied and
shall serve as the foundation of any regional consumer credit
3. A private credit bureau and a public
credit registry are complementary to one another and each play
distinct and vital roles in a vital financial services system;
Reporting of credit and payment data should be done on a voluntary
and not mandatory basis;
5. Access to credit and
payment data should be universal to all those with a permissible
purpose regardless of whether they report the type of firm.
What We Do:
APCC’s members will work with governments of
individual member economies and the institutions of APEC to develop
and implement sound consumer credit reporting standards.
Other APCC pursuits include:
seminars with national regulators and policy makers
* Outreach to
* Press and media briefings
* Country-specific and
regional economic impact analyses
* Industry executive briefings
The Asia-Pacific Credit Coalition is made possible
through the participation of our members.