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UK ICO Praises Credit Reference Industry

Compliance 200UK Information Commissioner’s Office has praised the credit reference industry on its data handling.

After being constantly vilified in many quarters there appears to be good news about the credit reference industry.  The Information Commissioner’s Office has praised the credit reference industry on its data handling having reviewed the three main agencies – Experian, Equifax and CallCredit. A report has been published focussing on the accuracy of personal data processed by the agencies.

“We were satisfied the credit reference agencies monitored, reviewed and shared personal data to an appropriate standard. Staff received adequate training and they had the appropriate policies and procedures in place”.

The UK information commissioner reviewed the three main agencies – Experian, Equifax and CallCredit.  A report has been published focusing on the accuracy of personal data processed by these agencies.

BIIA congratulates its members Experian and Equifax on upholding industry standards.

To download the ICO report click on this link.

Source:  Regulatory Strategies

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