Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 


Commissioner proposes limit on credit reporting charges

Privacy Commissioner proposes limit on credit reporting charges

23 April 2014

The Privacy Commissioner, John Edwards, is proposing an amendment to the Credit Reporting Privacy Code that would limit what credit reporters can charge individuals wanting immediate access to their credit information.

“I have started a submission process and welcome input from the public as well as the credit industry,” Mr Edwards said. The deadline for submissions is 17 May 2014.

Mr Edwards says access by individuals to the personal information recorded about them is fundamental to a fair, transparent and accountable credit reporting system.

The amendment has been prompted by the completion of an inquiry by the Office of the Privacy Commissioner into Veda Advantage’s practice of charging customers $51.95 for urgent requests for personal information. The Commissioner found that this substantially exceed what was reasonable to charge consumers.

“The unreasonable charges by Veda Advantage has been demanding for access to consumers’ own credit information is not only in breach of the Credit Reporting Privacy Code but it constitutes a barrier to exercising fundamental access rights that damages public trust in industry practice,” Mr Edwards said.

Mr Edwards says credit reports are usually to be made available to the individuals free of charge. But in limited circumstances, credit reporters are permitted to make a reasonable charge.

The proposed amendment to the code will generally limit credit reporters to making a $10 charge.

Submissions should be made to code@privacy.org.nz by 17 May 2014.

The report into Veda Advantage’s charge for urgent requests for credit information is available here: http://privacy.org.nz/news-and-publications/commissioner-inquiries/report-into-veda-advantages-charge-for-urgent-requests-for-personal-information/

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

PARLIAMENT TODAY:

Mt Eden Prison: Serco Inquiry Extended

A two month delay to the Government investigation into prison fight clubs shows the extent of problems within the Serco circus, says Labour’s Corrections spokesperson Kelvin Davis. More>>

ALSO:

Health And Safety: Late Addition Of National Security Provisions A Concern

The New Zealand Law Society has expressed its significant concerns at the last-minute addition to the Health and Safety Reform Bill of provisions for a closed material procedure for court proceedings where national security is involved. More>>

ALSO:

Rugby And Beer: World Cup Alcohol Bill Passes

ACT MP David Seymour’s Sale and Supply of Alcohol (Extended licensing hours during Rugby World Cup) Bill completed its third reading by 99 to 21... More>>

ALSO:

Gordon Campbell: On The Flag Campaign

So far, the public has treated the government’s flag campaign with something between disinterest and disdain. Most New Zealanders have instinctively seen through the marketing hype involved. More>>

Change For 2017: Local Govt To Decide On Easter Sunday Trading

The Government is to enable local communities, through councils, to decide whether retailers can open on Easter Sunday, Workplace Relations and Safety Minister Michael Woodhouse announced. More>>

ALSO:

(And Targets Worse Than Australia's): Foresters Abandoning Emissions Trading Scheme

The Government’s gutting of the Emissions Trading Scheme has caused foresters to leave and emissions to rise, says Labour’s Climate Change spokesperson Megan Woods. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news