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      New Zealand Citizens’ Credit History Up for Scrutiny

      Apr 11, 2012
      New Zealand companies now have the ability to collect and swap information showing how much credit someone has and how they are doing with repayments. According to an article in Stuff.co.nz, the report notes that credit providers will record customers' repayment information and upload it monthly to files held by credit bureaus that can be viewed by various entities with customers' permission. The article noted that Privacy Commissioner Marie Shroff has indicated she will be “closely watching how things unfold."

      New Zealand companies now have the ability to collect and swap information showing how much credit someone has and how they are doing with repayments. According to an article in Stuff.co.nz,  the report notes that credit providers will record customers' repayment information and upload it monthly to files held by credit bureaus that can be viewed by various entities with customers' permission. The article noted that Privacy Commissioner Marie Shroff has indicated she will be “closely watching how things unfold."

       

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