He said that the current legislation in Azerbaijan doesn't limit the number of private credit bureaus
in the country and their number may increase in the future.
Clarity's non-traditional credit data provides a unique insight into consumer credit behavior that is not available from the traditional credit bureaus
The law on credit bureaus
, drafted with IFC advisory support and enacted in December 2016, provided the legal basis for the creation of a private credit bureau
ISLAMABAD -- The Senate on Thursday passed the Credit Bureaus
(Amendment) Bill, 2016 to ensure the existing legislation in conformity with the provision of Banking Companies Ordinance and international best practices.
Our successful experience in operating and managing credit bureaus
in several countries worldwide makes us confident that significant advantages will also be provided to Indonesia's credit market to support the financial needs of businesses and consumers.
CIC) plans to accredit at least five credit bureaus
by the end of the year as part of initiatives to generate more credit reports and boost data gathering.
The law on licensing system is invited to register licensing of credit bureaus
, as well as to specify that particular licensing of credit bureaus
is determined by the legislation on the exchange of credit information.
Speaking during a panel discussion entitled "Credit Reporting Growth in the GCC Region: Progress with the Credit Reporting Infrastructure and Business Models in the GCC Region" on the first day at World Consumer Credit Reporting Conference, or WCCRC, in Dubai, Lutfi also stressed the importance of GCC credit bureaus
collaboration to strengthen the regional economy.
With 23 professionals offering their expert advice over the two-day conference, senior executives from more than 250 credit bureaus
, credit card firms and lenders as well as government officials are expected to come together from more than 60 countries to address the latest developments in the credit reporting industry.
Outlining the framework under which credit bureaus
will effectively operate, the Bank of Namibia this week in response to questions posed by the Namibia Economist stated that new, and existing credit bureaus
will have to re-apply for licences to conduct business.
Global Banking News-August 12, 2014--Singapore central bank wants more oversight of credit bureaus
As banks and regulators continue to fine-tune risk-management processes, the question of credit bureaus
has increasingly popped up, especially in Asia, where they are still relatively new.