Re-thinking the regulatory environment of credit reporting: Could legislation stem privacy and discrimination concerns?

Author: Ferretti, Federico F.

Source: Journal of Financial Regulation and Compliance, Volume 14, Number 3, 2006 , pp. 254-272(19)

Publisher: Emerald Group Publishing Limited

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Abstract:

Purpose ? This paper examines the activities carried out in the UK by credit refer agencies, current business practices, and the legal standing of credit reporting. Design/methodology/approach ? Legal analysis that aims to demonstrate that the current legal framework is inadequate. Findings ? It suggests areas and issues for further legal debate and policy consideration. Ultimately, this study puts forward the case for specific legislative intervention to strike a balance between privacy rights, discrimination concerns, and the needs of the credit industry. Originality/value ? Little or no research has been conducted on the topic by lawyers.

Keywords: Consumer credit; Credit; Credit rating; Privacy

Document Type: Research article

DOI: http://dx.doi.org/10.1108/13581980610685856

Publication date: 2006-07-01