The times they are a changin.' (Fair Credit Reporting Act)
Article Abstract:
Proposed revisions of the Fair Credit Reporting Act (FCRA) serve to illustrate the need for credit grantors to facilitate improved business dealings with credit bureaus through the enhancement of its reporting, correcting, and reverification handling services. The planned amendments to the FCRA include the empowerment of the Federal Trade Commission with regulatory powers over credit bureaus and the creation of clauses for creditor liability due to inaccurate data. Metro formats are the desired format segments for improving credit reporting. The update and loading of bureau files, possibly through multiple-part transmittal, is also a function of the credit grantors.
Publication Name: Credit World
Subject: Banking, finance and accounting industries
ISSN: 0011-1074
Year: 1991
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The chicken or the egg?
Article Abstract:
Organizations can use several methods to measure the effect of credit card ownership on sales. The new market introduction method involves comparing the results of two similar markets, one in which credit cards have been introduced, and one in which they have not. The split market blitz method involves selecting a market, dividing the market into a group of test stores and a group of control stores, and evaluating the results of credit promotion in the test stores. The catalog pre-screen method involves selecting potential credit card customers on the basis of past catalog purchases, offering credit to the test group, and evaluating the effect on sales.
Publication Name: Credit World
Subject: Banking, finance and accounting industries
ISSN: 0011-1074
Year: 1991
User Contributions:
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- Abstracts: When "bad" credit behavior becomes the norm. The sub-prime credit market: identifying good risks for unsecured cards
- Abstracts: For credit bureaus, customer service begins with a letter - yours! Creditor pitfalls with credit clinics
- Abstracts: Leadership in the 90s. National Credit Education Week: April 19-26, 1992, "Good Credit - a World of Difference." (includes related article) (Challenge 2000) (Cover Story)