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

Gordon Campbell:
On Pharmac, Gough Whitlam And Sleater-Kinney

Ridiculous reported comments on RNZ this morning by Trade Minister Tim Groser, as he sought to dampen down concerns about the leaked draft of the IP chapter of ther Trans Pacific Partnership negotiations. According to Groser, ‘extreme’ positions are common at the outset of negotiations, and these get whittled down over the course of negotiations. Fine.

Except that we’re not at the outset of these negotiations. The outset was six years ago, and negotiators were hoping to have some sort of ‘framework’ deal finished in time for the APEC meeting in a few weeks’ time. These ‘extreme’ positions are what we’ve reached near the intended end of the negotiations.

Still, Groser did promise that the cost of medicines would not rise as a result of the TPP trade deal. Great. But this is not what politicians in other countries are saying. More>>

.

 
 

Parliament Today:

Aussie Investigation Dropped: Call On Minister McCully To Pursue The Case Of Balibo Five

West Papua Action is deeply concerned at the lack of any clear outcome from the Australian Federal Police inquiry into the 1975 deaths of the ‘Balibo Five’ including NZ journalist Gary Cunningham. More>>

ALSO:

'Feed The Kids' Bill: Metiria Turei To Lead Fight On Feeding Hungry Children

Green Party Co-leader Metiria Turei is urging all political parties to support the Feed the Kids Bill which she inherited today from Mana leader Hone Harawira. More>>

Parliament Today: State Opening Of Parliament

The House sat at 10.30am on Tuesday before MPs were summoned to hear the Speech from the Throne in the Legislative Council Chamber. More>>

ALSO:

Tertiary Education: Students Doing It Tough As Fees Rise Again

The Government is making it increasingly difficult for Kiwis to gain tertiary education as fees continue to rise and access to student support becomes even more restricted, Labour’s Tertiary Education spokesperson Chris Hipkins says. More>>

ALSO:

Housing, Iraq: PM Press Conference – 20 October 2014

Prime Minister John Key met with press today to discuss:
• Housing prices and redevelopment in Auckland
• Discussions with Tony Abbott on the governmental response to ISIS, and New Zealand’s election to the UN Security Council More>>

ALSO:

Labour: Review Team Named, Leadership Campaign Starts

Labour’s New Zealand Council has appointed Bryan Gould as Convenor of its post-General Election Review. He will be joined on the Review Team by Hon Margaret Wilson, Stacey Morrison and Brian Corban.

ALSO:

Roy Morgan Poll: National Slips, Labour Hits Lows

The first New Zealand Roy Morgan Poll since the NZ Election shows National 43.5% (down 3.54% since the September 20 Election). This isn’t unusual, National support has dropped after each of John Key’s Election victories... However, support for the main opposition Labour Party has crashed to 22.5% (down 2.63% and the lowest support for Labour since the 1914 NZ Election as United Labour). More>>

ALSO:

In On First Round: New Zealand Wins Security Council Seat

Prime Minister John Key has welcomed New Zealand securing a place on the United Nations Security Council for the 2015-16 term. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news