Commissioner: Top Banks To Be Audited
PRIVACY LAW—IRELANDAugust 10, 2012
Irish Times reports that the Office of the Data Protection Commissioner (DPC) will audit Ireland’s top banks in the coming months. The announcement comes after the DPC discovered that AIB “supplied inaccurate personal data” to the Irish Credit Bureau (ICB) in breach of data protection law and resulting in the denial of credit to individuals. AIB has confirmed the incorrect reporting of missed loan repayments to the ICB over a six-year period. One MEP said the DPC “has performed excellently in this case; however, we need to strengthen and reinforce the office to ensure that it can effectively monitor companies, investigate breaches and protect individuals."