Credit History Reporting Draft Bill and Report of the Inter-Agency Working Group on Credit Histories
The Minister for Finance, Mr Michael Noonan, TD has today (7 June 2012) issued, a consultation document relating to the proposed Credit Reporting Bill. The Bill is to be published by end September 2012 in accordance with a commitment under the EU/ECB/IMF (Troika) Programme of Financial Support for
The Minister said that “the proposed new Credit Register will support more informed lending decisions and development of improved insolvency procedures, while also providing an important tool for banking supervision. The data set to be collected will be comprehensive in scope, will include information on restructured as well as new loans and will be covered by robust measures to protect personal information”
Observations on the consultation document should be emailed to: firstname.lastname@example.org by close of business on Friday 29 June 2012. Following this consultation process, and further drafting and advisory input from the Office of the Attorney General, the Minister will seek Government approval to publish the Bill to ensure compliance with the commitment entered into with the Troika.