Macquarie closer to adopting CCR
Macquarie has signalled it is well down the path to adopting comprehensive credit reporting.In its monthly newsletter to mortgage brokers were these comments: "Your clients' credit reports will be more detailed, making it easier to provide an accurate assessment for lending purposes. "You'll start to hear more from us as we begin rolling out CCR in the near future. "In the meantime, as part of your responsible lending obligations, you should disclose any relevant information obtained as part of completing the application on behalf of your client," Macquarie advised its brokers.