Quantcast
au iconAU

 

 

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
smsfadviser logo

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.

Subscribe to Public Accountant

Receive the latest news, opinion and features directly to your inbox