ANZ Dashboard Digest

Credit Industry Asking Commissioner To Review Access

FINANCIAL PRIVACY—NEW ZEALAND

September 9, 2010

The Office of the Privacy Commissioner is considering a move to "positive" credit reporting, The New Zealand Herald reports, where lenders would have access to the credit limit, providers, types and account status of individuals. Credit industry officials have submitted suggestions to the privacy commissioner to allow access to such information as part of the review of whether such companies should have additional access to user data. Currently, lenders and credit bureaux only have access to a limited amount of "negative" information, such as bankruptcy or default status.
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