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Advocate: Credit History Plan "Risky"

FINANCIAL PRIVACY—NEW ZEALAND

June 3, 2011

Civil liberties proponents are raising concerns about Privacy Commissioner Marie Shroff's proposed changes to New Zealand's Credit Reporting Privacy Code. The proposal would put individuals' bills on their credit record for two years, which the banking industry says would protect those struggling with debt from piling on too much more and provide those with good credit greater access to loans. Shroff says the plan is intrusive but important because often credit reports are only updated when things go wrong. A spokesman for the Council for Civil Liberties says collecting such personal information is risky, even with safeguards, Otago Daily Times reports.
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