The Central Bank intervened in credit repair history. The Bank of United States plans to correct the statistical incident that has developed in United States, when, according to official data, more borrowers are getting in the country than the economically active population. For this, the credit history bureau (BKI) is proposed to deprive the opportunity to form “empty” stories of citizens, which are obtained when they only applied for loans, but did not receive or did not receive them. In the opinion of the Central Bank, the problem is not only statistical: such information can be incorrectly used in making decisions on the issue of loans. Bankers are afraid of losing one of the tools to assess their risks.
The fact that within the package of amendments currently being prepared in the law “On Credit Histories”, the Bank of United States intends to make changes in the order of the formation of stories, on Friday told the director of the department for licensing activities and financial recovery of credit operations of the Bank of United States Ruben Amirjants. According to him, the Central Bank proposes to form a credit history only in the event that the client has a credit obligation. “Such an amendment was required in connection with the detection of cases of generating a CRI of the title part of history (contains the name of the credit entity history, passport data, date and place of birth, TIN, certificate of compulsory pension insurance) even when the client did not receive a loan from the bank, but only applied for it, “explained Mr. Amiriants. When checking the potential borrower, the bank sends a request to the BCH, and there are cases when the bureaus on this basis form an “empty” credit history, he said.
According to the Bank of United States (maintains the Central Catalog of Credit Histories, where their titles are kept, the CB received from the BCH), as of January 1, 2013, 26 BKIs operated in United States. The number of credit history titles on this date was 175 million, of which 174.6 million were for individuals. And this despite the fact that, according to the Federal State Statistics Service, as of January 1, United States’s working-age population is 87.055 million, and the entire population is 143.056 million people. However, as Mr. Amiriants noted, the distortion of statistics is not only due to “empty” credit histories, but also because of the change of names, passports, addresses and other attributes of identification of bank borrowers. In addition, because of the different data formats in each CRT for the same citizen, there may be several titles. As of January 1, the real number of bank borrowers (unique subjects of credit histories), according to the Central Bank, cleared of statistical distortions, was 47 million people, of which 46.9 million were natural persons.
At the same time, the current situation in the Central Bank is considered not just a statistical incident requiring correction. Of course, although it is “empty” credit histories that give only a part of the general distortion (20-25%), there are risks that they can be inadequately interpreted by creditors afterwards, Ruben Amirjants points out. Such fears arose in the Bank of United States as a result of an analysis of complaints from customers of banks entering the Central Bank. In them, in particular, people who have never borrowed loans in banks, and for the first time having applied for a loan that received an unmotivated refusal, wonder why it happened. “They began to deal with complaints, to look at such citizens with a credit history, and found, in particular, the presence of” empty “stories,” Mr. Amiriants said. “We will correct the situation.”
It is interesting that the credit history bureau itself does not consider the situation as a technical error. In their opinion, “empty” stories are important for banks. “According to the current legislation, the bureau is obliged to enter information about the credit history request into the closed part of the credit history. The request, in turn, is sent to the bureau with the borrower’s consent and with the purpose of obtaining a loan, – says the general director of the NBKI, Alexander Vikulin. Such information is useful to banks for making a loan decision. Therefore, we do not divide credit histories into empty and not empty ones. ” According to Oleg Lagutkin, general director of the BCI “Equifax Credit Services”, information about when and how many times a potential borrower applied for a loan, even if in the end did not take any loans, is useful for assessing borrowers who do not have a credit history. “It is not entirely clear why to deprive banks of an additional risk assessment tool when issuing a loan,” he wondered.
Bankers support these arguments. “The more information a bank has about a client, the better, the more correct a decision, in the end, he can take when considering a loan application,” said Grigory Varcibasov, a member of the board of directors of Trust Bank. In his opinion, if information about “empty” stories is not needed by the Central Bank, the BCH could simply not transfer such data to the Central Catalog, but accumulate it in their own, without depriving participants of the banking market access to them. “Information about appeals from clients that had applications, but no loans, undoubtedly, is useful, “believes Oleg Skvortsov, deputy chairman of the board of Renaissance Credit Bank. In this case, it is not necessary that it will be used against the client. On the one hand, Mr. Varcibasov argues, if a person has submitted many applications in a short period of time, but has not received a single loan, this is an additional reason for the bank to assess its risks, on the other – the same information may indicate that this is a real person , and not a fraudster, which is perceived by the bank positively.