Federal Government plans to force Australia’s big banks to give credit agencies more detailed information about customers’ financial behaviour could penalise the poor, consumer groups have warned.
Key points:
- From 2018, CBA, ANZ, Westpac and NAB will have to give credit agencies more detailed information about customers’ financial behaviour
- Consumer groups say the new regime will provide much more information on credit reports than previously required
- The groups also warn it could spark a boom in debt-management businesses
Trea…
Read the full article at: http://www.abc.net.au/news/2017-11-02/concerns-new-credit-reporting-scheme-will-penalise-the-poor/9111432
