ISLAMABAD -- The President has accorded his assent to the Credit Bureaus
Bill, 2015 on the advice of Prime Minister.
Project Description : This Credit Bureau
project will be implemented by focusing on implementing Legal and Regulatory reforms; supporting existing credit bureaus
in strengthening their operating systems including data quality; supporting the Central Bank in strengthening their supervisory capacity and expanding data coverage to non-supervised entities (MFIs, utilities, retailers, etc.
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
Credit report literacy is a priority for the credit bureaus
8220;CRIF's experience in both starting up, operating and managing credit bureaus
in several countries worldwide will be invaluable in providing the Tajikistani market with a world-class credit bureau
, localized for the needs of the local players and the specific regulatory framework,” explained Enrico Lodi, General Manager of Credit Bureau
Services at CRIF and Vice President of ACCIS (the European Association of Consumer Credit Information Suppliers).
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.
Members of the Middle East Credit Reporting Association (MECRA) convened at the Association's inaugural meeting today in Dubai to review its strategy of promoting the credit reporting industry in the region, supporting the development of credit bureaus
through the exchange of knowledge, and to discuss best practices in order to establish industry standards for this region.
The Middle East Credit Reporting Association (Mecra) reviewed its strategy of promoting credit reporting industry in the region and supporting the development of credit bureaus
through the exchange of knowledge.