Credit Reporting

• John Kavanagh

The big question the government’s review of Australia’s credit reporting framework will address is whether credit reporting remains of value to lenders in light of the development of financial data sh.. read more

• Banking Day staff

CreditorWatch’s latest Business Risk Index reports a 48 per cent increase in B2B trade payment defaults over the 12 months to February read more

• Banking Day staff

Data services company MogoPlus has launched a stress predictor offering banks insights to manage financial stress. read more

• John Kavanagh

Credit reporting agency and information services company Experian has applied for accreditation as a data recipient under the Consumer Data Right and announced plans to offer a credit assessment servi.. read more

• John Kavanagh

The Office of the Australian Information Commissioner has proposed introducing a category of “soft inquiries” into the Credit Reporting Code, so that consumers can shop around for credit and get quote.. read more

• John Kavanagh

Equifax is expanding in the digital identity and fraud prevention market with the acquisition of Midigator LLC. read more

• John Kavanagh

The Australian Banking Association and members banks have issued new credit report factsheets to assist consumers and financial counsellors with changes to credit reporting rules. read more

• John Kavanagh

ASIC has adopted a “no-action” position to allow large banks to withhold the reporting of credit information on consumer credit reports “where reporting the information could lead to consumer harm, in.. read more

The Australian Financial Complaints Authority has appointed Natalie Cameron as its lead ombudsman for banking and finance. read more

• John Kavanagh

A controversial change to Australia’s credit reporting system takes effect this week, when credit providers will be allowed to disclose financial hardship information to credit reporting bodies. read more

The banking transaction data available through open banking offers a powerful add-on to credit reporting data and internal credit scores, giving lenders greater confidence when assessing loan applicat.. read more

• John Kavanagh

Equifax has signed an agreement with the Australian Taxation Office, which will supply commercial tax default data to the credit reporting company. read more

• John Kavanagh

The Australian Information Commissioner has approved variations to the Credit Reporting Code ahead of changes to the credit reporting regime in July that will introduce reporting of financial hardship.. read more

• John Kavanagh

Despite all the talk about AI-driven and data-driven banking developments, fewer than half of Australia’s “risk leaders” in lending businesses believe their companies are accessing all of the data sou.. read more

• John Kavanagh

Charge cards, margin loans and novated leases are among the credit contracts exempt from the provisions of the mandatory comprehensive credit reporting rules that came into force on July 1. read more

• Ian Rogers

The treatment of joint accounts and the sensitive topic of financial abuse feature in an overhaul of the Credit Reporting Code. read more

• John Kavanagh

After a few false starts, mandatory consumer credit reporting gets underway on July 1, when large ADIs will have to start supplying comprehensive credit information. read more

• John Kavanagh

Credit bureau illion has launched a new risk rating service for credit providers based on consumers’ transaction histories. read more

• Ian Rogers

Credit write-offs were three times as high in 2020 at $12.4 billion over 2019 – and if the GFC is any guide, the bad debt charge for banks in 2021 will be the same again, only worse. read more

• John Kavanagh

Credit bureau Equifax has bolstered the commercial credit side of its business with the acquisition of Creditworks, which describes itself as a global provider of search and reporting products on busi.. read more