ANZ Dashboard Digest

Credit Report Charges To Be Reviewed

FINANCIAL PRIVACY—NEW ZEALAND

May 30, 2013

Stuff.co.nz reports a credit bureau’s move to stop providing individuals with their credit scores unless they pay for them is prompting plans for a review by the privacy commissioner. The Privacy Act’s credit reporting privacy code “gives people the right to a free copy of any credit information credit bureaux hold about them and the right to an explanation of their credit score if the bureau has generated one,” and the bureau’s move “has prompted the privacy commissioner's office to add the transparency of credit scoring to its list of issues to look at when it reviews last year's changes to credit reporting rules,” the report states.
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