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Credit
reporting forms a daily part of many organisations' businesses,
particularly those in the financial services sector. Credit
reporting is regulated by numerous sources, including the Privacy
Act 1988 (Cth), Invasion of Privacy Act 1971 (Qld.), Fair
Trading Act 1987 (S.A.), Credit Reporting Act 1978 (Vic.)
and codes of practice (eg. Code of Banking Practice and Electronic
Funds Transfer Code of Conduct)
Privacy
Law Consulting Australia can assist clients develop comprehensive
credit reporting compliance programs, addressing issues such as:
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requesting
& disclosing credit worthiness information;
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duties
to notify credit reporting agencies;
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altering
credit records;
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permitted
uses of credit reports;
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notification
requirements upon refusing credit;
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credit
information audits; and
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obtaining
necessary consents.
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