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Credit Reporting Changes Going Into Effect

FINANCIAL PRIVACY—NEW ZEALAND

March 30, 2012

The Office of the Privacy Commissioner (OPC) has released information in conjunction with changes to New Zealand's credit reporting system.  Privacy Commissioner Marie Shroff explains, "Credit reporters will now be able to gather and share much more financial information about people." The changes to the law also include strengthened consumer protection and a right for New Zealanders to "freeze" their credit reports to "limit the real financial harm and stress that can result from identity fraud and enable people to protect themselves," Shroff notes. The OPC has published detailed fact sheets on key questions about the changes.
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