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Tag Archives: Comprehensive Credit Reporting

Comprehensive Credit Reporting in Australia Faces Obstacles

Experian is disappointed with the take-up of comprehensive credit reporting in Australia, saying credit providers appear reluctant to share additional customer information because they are afraid that competitors will get an advantage. Experian outlined its concerns in its submission to the Australian Competition and Consumer Commission in response to an application by the Australian Retail Credit Association for authorization of ... Read More »

Australia Embraces Positive Credit Data

FICO reports that according to a new report from the Australian Retail Credit Association (ARCA), 62% of Australians fully support the country’s newly introduced credit reporting system—which, for the first time, will consider positive credit behavior. The favorable reaction by Australians is hardly surprising. The previous negative-only reporting system often punished consumers. It meant that their credit reports were assessed ... Read More »

Australian Risk Climate: Comprehensive Credit Reporting Has Arrived

D&B Australia has published a new documentation with the title “Insight”.  The document contains a number of key topics concerning the impact of the introduction. Australia finally saw the commencement of a comprehensive credit reporting system – a historic change that has moved Australia into line with the majority of the world’s developed economies, and introduced a new era for ... Read More »

Australia’s Credit Industry Primed for Positive Reporting ‘Game-Changer’

After a decade-long journey, the most significant reform to the Australian consumer credit industry in 25 years – a new comprehensive credit reporting (CCR) environment – began this month. Nerida Caesar, Veda’s Chief Executive Officer, said today’s milestone marked the beginning of a long-term journey for the credit and banking industry.  “CCR is a game-changer for the credit industry. Finally ... Read More »

Australian Risk Climate: New Legislation a Game-Changer for Commercial Risk Management

New Comprehensive Reporting legislation will add significant value to the assessment of the commercial risk of small businesses”, says Veda’s General Manager – Commercial Risk Products, Moses Samaha.  Speaking at a recent Veda road show to more than 150 Trade Credit businesses, Samaha urged creditors to also assess the credit profile of the directors and proprietors behind a company or business ... Read More »

Australian Risk Climate: Welcome to Comprehensive Credit Reporting and Credit Revolution is Close to Crunch Time

Veda, a leading provider of consumer and commercial data intelligence and insights has today released results from the largest Comprehensive Credit Reporting (CR) simulation ever undertaken in the region.  The passage of Privacy Amendment (Enabling Privacy Protection) Bill 2012 initiates new era for credit issuance in Australia.   Veda Pilot Spotlights the Impact of Comprehensive Credit Reporting Australia now has a ... Read More »

PERC Releases Study on Comprehensive Credit Reporting in Australia

PERC released a new study detailing the impacts of more comprehensive credit reporting in Australia and New Zealand. The report, Credit Impacts of More Comprehensive Credit Reporting in Australia and New Zealand, summarizes the results from a joint undertaking by PERC and Dun & Bradstreet Australasia using credit data from 1.8 million Australians. “The results of the analysis provide strong ... Read More »