Credit reporting changes welcomed

The potential changes would essentially see privacy laws relaxed to allow lenders to make more informed decisions about borrowers, the Australian reported today.

Included in the paper drafted by the Australian Law Reform Commission was a recommendation to expand the amount of personal information used in credit reports to include information on previous account types opened by borrowers and histories.

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Written by Staff Reporter

Last Updated: 09 March 2022

Published: 12 August 2008