Teletrack UK set out three years ago to be the leading specialist credit reference agency (CRA) serving the UK Payday Lending and other non-traditional credit markets.
Dale Williams, Managing Director, Teletrack UK.

LONDON, England, 13 July 2010– CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, today announced that Teletrack UK Limited, a subsidiary of CoreLogic, Inc., has been ratified as a full-member of the Steering Committee on Reciprocity (SCOR).

SCOR is a cross industry forum made up of representatives from credit industry trade associations and credit reference agencies. It is responsible for the administration and development of the data sharing rules known as the Principles of Reciprocity.

"Teletrack UK set out three years ago to be the leading specialist credit reference agency (CRA) serving the UK Payday Lending and other non-traditional credit markets," said Dale Williams, Managing Director of Teletrack UK. "Since that time, we have grown to be recognized as the leading CRA and solution provider in these markets as evidenced by the rapid growth of our company, our customer base and our data assets."

Over the last three years Teletrack UK has served as an observer member, providing a unique perspective and expertise in the areas of payday lending and other non-traditional credit. In addition to establishing a track record of contributing to the affairs of SCOR, Teletrack UK satisfied the formal acceptance criteria for full membership for a CRA which includes significant minimum thresholds for the volume and integrity of data assets, size of contributing customer base, regulatory and data sharing compliance standards, and information security and audit standards.

SCOR was established by the UK credit industry as a self-regulating user group to develop and oversee documented guidelines to address issues surrounding the use and sharing of credit performance and related data on individual consumers in the UK. SCOR operates on behalf of the trade associations that it represents and makes recommendations on matters concerning the Principles of Reciprocity to those associations.

"We consider SCOR membership as well as the core values and benefits of the Principles of Reciprocity fundamental to the integrity and success of our business. We are delighted our efforts and achievements have now been recognized by SCOR," said Williams. "We are committed to providing ongoing input to SCOR through its working parties where our expertise in specialist markets adds value and to helping our clients run profitable and responsible lending businesses."

Trade associations represented at SCOR are the British Bankers' Association (BBA), British Retail Consortium (BRC), Consumer Credit Association UK (CCA), Consumer Credit Trade Association (CCTA), Council of Mortgage Lenders (CML), Credit Services Association (CSA), Finance & Leasing Association (FLA) and The UK Cards Association. CRA members now include Experian, Equifax, CallCredit and CoreLogic Teletrack UK.