Experian offers services for large banks in response to new regulatory requirements
Experian’s credit attributes and Debt-to-Income InsightSM model will be offered together to help clients comply with the FDIC’s Large Bank Pricing Rule

Costa Mesa, Calif., Aug. 8, 2011 — In support of our client’s efforts to comply with the Federal Deposit Insurance Corp.’s (FDIC) Large Bank Pricing Rule, and in particular the subprime loan reporting requirements that go into effect on Oct. 1, 2011, Experian®, the leading global information services company, is making a comprehensive product accessible to its banking clients. Clients can use Experian’s credit attributes combined with Experian’s Debt-to-Income InsightSM model for consolidated delivery of the necessary reporting requirements on subprime loans.

The new reporting requirements for large banks (identified as having more than $10 billion in assets) define a subprime loan as a revolving or installment loan having one or more of the following characteristics: two or more 30-day delinquencies in the past 12 months or one or more 60-day delinquencies in the past 24 months; judgment, foreclosure, repossession or charge-off in the prior 24 months; bankruptcy in the past five years; or debt service-to-income ratio of 50 percent or greater or otherwise limited ability to cover family living expenses after deducting total monthly debt-service requirements from monthly income.  With Experian’s consolidated delivery of the necessary reporting characteristics, this combined product offering provides clients a reliable and accessible option to address the reporting requirements. Clients should, of course, review their particular reporting requirements with their own legal and regulatory compliance specialists.

“When this new regulation goes into effect, the composition of a bank’s assets will directly impact its FDIC rates. This is a departure from the current environment where deposit insurance rates are charged based on the size of deposits. This means that banks with higher-risk subprime loan amounts may be charged higher FDIC insurance rates,” said Michele Pearson, vice president, Consumer Information Services, Experian. “Experian is committed to delivering our clients comprehensive products that assist them with compliance and help them maintain normal business operations without interruption.”

Contact:
Kristine Snyder 
Experian Public Relations
1 714 830 5192
kristine.snyder@experian.com

About Experian credit attributes
Credit attributes, the summarization of credit data, are the building blocks of credit scores. There are nearly 100 data elements that can be evaluated to define a single credit attribute, and many of these elements have hundreds of unique values. Experian credit attributes were created by Experian to enable organizations to make more strategic and data driven decisions across the customer life cycle and are used in prescreen, acquisition and account review. Utilizing Experian credit attributes assists clients in decreasing costs, improving development times and enhancing speed to market when developing financial tools for complex credit decisioning. The attributes are used in segmentation, direct decisioning and modeling.

About Debt-to-Income Insight  
This product can help lenders determine a customer’s ability to pay by accessing an individual’s outstanding debt obligations from their credit report compared with their estimated income to deliver an efficient, real-time measurement of their debt-to-income ratio. Debt-to-Income Insight leverages the predictive power of Income InsightSM, Experian’s premier income estimation model built using verified income data and market-leading credit attributes. These versatile, intuitive and easy-to-use tools can help clients better understand the risk profile of their customers and enhance their underwriting and risk-assessment processes.

About Experian
Experian is the leading global information services company, providing data and analytical tools to clients in more than 80 countries. The company helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. Experian also helps individuals to check their credit report and credit score and protect against identity theft.

Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended 31 March 2011 was $4.2 billion. Experian employs approximately 15,000 people in 41 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; California, US; and São Paulo, Brazil.

For more information, visit http://www.experianplc.com.

Experian and the Experian marks used herein are service marks or registered trademarks of Experian Information Solutions, Inc. Other product and company names mentioned herein are the property of their respective owners.

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