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New scheme to open credit files sparks ’debt vultures’ warning

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.

New scheme to open credit files sparks ’debt vultures’ warning
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  • Shared by ABC Online.
  • November 03, 2017
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Treasurer Scott Morrison will mandate the comprehensive credit reporting (CCR) regime for the Commonwealth Bank, ANZ Bank, Westpac and National Australia Bank (NAB) by 2018.

Read the full article on ABC Online.

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