As of October 2017, 27% of the retail credit market have supplied CCR data to Equifax. This infographic provides a pulse check on the industry’s transition to CCR.
There are a number of ways that lenders can lessen the potential uncertainty of performance of various CCR characteristics when applied to their portfolios.
Evidence from the New Zealand CCR landscape shows that lenders not participating have suffered from increased adverse selection over the last twelve months.
