Submission to OAIC – Review of the Privacy (Credit Reporting) Code 2014

CPRC calls for a clearer governance and effective regulation of the credit reporting regime, with the regulator resourced to conduct effective monitoring of consumer outcomes and audit Credit Bureaus systems. We recommend the OAIC adopt a stewardship approach, entailing aspects including a consumer-friendly guideline running parallel to the code, consumer comprehension testing, and more broadly a vulnerability strategy.