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Credit Reporting Privacy Code (New Zealand)
The Credit Reporting Privacy Code (CRPC) was issued by the Privacy Commissioner Marie Shroff on 6 December 2004. It is one of several Codes of Practice issued by the Privacy Commissioner under section 46 of the Privacy Act. The Code has been amended 6 times, with a 7th amendment pending, with the amendments as follows: * Amendment No 1 – 1 April 2006 (now expired) * Amendment No 2 – 1 April 2006 * Amendment No 3 – 22 February 2010; * Amendment No 4 – 1 October 2011 and 1 April 2012 * Amendment No 5 – 1 December 2011 and 1 April 2012 * Amendment No 6 – 1 April 2012 The Code replaces the Privacy Act's 12 Privacy Principles, with 12 Privacy Rules specifically customised for credit reporting matters. Summary of the Code The Code regulates into law matters related to credit reporting. The Code is however only limited to credit reporters that actually sell credit information, so at current the Code only applies to 3 credit reporting firms, Veda Limited, Dun & Bradst ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Right To Privacy In New Zealand
New Zealand is committed to the Universal Declaration of Human Rights and has ratified the International Covenant on Civil and Political Rights, both of which contain a right to privacy. Privacy law in New Zealand is dealt with by statute and the common law. The Privacy Act 2020 addresses the collection, storage and handling of information. A general right to privacy has otherwise been created in the tort of privacy. Such a right was recognised in Hosking v Runting 0033 NZLR 385, a case that dealt with publication of private facts. In the subsequent case C v Holland 012NZHC 2155 the Court recognised a right to privacy in the sense of seclusion or a right to be free from unwanted intrusion. For a useful summary seecourt-recognises-intrusion-on-seclusion-privacy-tort-hugh-tomlinson-qc/ Legislation New Zealand Bill of Rights Act 1990 The New Zealand Bill of Rights Act 1990 (NZBORA) is based on the International Covenant on Civil and Political Rights, however no express right to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Reporting
A credit score is a numerical expression based on a level analysis of a person's credit files, to represent the creditworthiness of an individual. A credit score is primarily based on a credit report, information typically sourced from credit bureaus. Lenders, such as banks and credit card companies, use credit scores to evaluate the potential risk posed by lending money to consumers and to mitigate losses due to bad debt. Lenders use credit scores to determine who qualifies for a loan, at what interest rate, and what credit limits. Lenders also use credit scores to determine which customers are likely to bring in the most revenue. Credit scoring is not limited to banks. Other organizations, such as mobile phone companies, insurance companies, landlords, and government departments employ the same techniques. Digital finance companies such as online lenders also use alternative data sources to calculate the creditworthiness of borrowers. By country Australia In Australia, cre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Veda (NZ)
Veda (NZ) Limited was a credit reference agency in New Zealand. it was acquired by Equifax in February 2016. Business Veda supplied credit information on both individuals and companies. Its business was largely governed by the Credit Reporting Privacy Code (New Zealand) The Credit Reporting Privacy Code (CRPC) was issued by the Privacy Commissioner Marie Shroff on 6 December 2004. It is one of several Codes of Practice issued by the Privacy Commissioner under section 46 of the Privacy Act. The Code has been a ..., issued under the Privacy Act. History The origins of Veda was a group of credit providers sharing credit information with its members, which was called the Credit Reference Association. This database was later taken over by Baycorp. For many years Veda owned the largest debt collection company in New Zealand, Baycorp Collection Services, which it sold off in 2007 for $97 million. In 2002, Baycorp in New Zealand merged with Data Advantage in Australia, with ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dun & Bradstreet
The Dun & Bradstreet Corporation is an American company that provides commercial data, analytics, and insights for businesses. Headquartered in Jacksonville, Florida, the company offers a wide range of products and services for risk and financial analysis, operations and supply, and sales and marketing professionals, as well as research and insights on global business issues. It serves customers in government and industries such as communications, technology, strategic financial services, and retail, telecommunications, and manufacturing markets. Often referred to as D&B, the company's database contains over 500 million business records worldwide. History 1800s Dun & Bradstreet traces its history to July 20, 1841, with formation of The Mercantile Agency in New York City by Lewis Tappan. Recognizing the need for a centralized credit reporting system, Tappan formed the company to create a network of correspondents who would provide reliable, objective credit information to subsc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Score
A credit score is a numerical expression based on a level analysis of a person's credit files, to represent the creditworthiness of an individual. A credit score is primarily based on a credit report, information typically sourced from credit bureaus. Lenders, such as banks and credit card companies, use credit scores to evaluate the potential risk posed by lending money to consumers and to mitigate losses due to bad debt. Lenders use credit scores to determine who qualifies for a loan, at what interest rate, and what credit limits. Lenders also use credit scores to determine which customers are likely to bring in the most revenue. Credit scoring is not limited to banks. Other organizations, such as mobile phone companies, insurance companies, landlords, and government departments employ the same techniques. Digital finance companies such as online lenders also use alternative data sources to calculate the creditworthiness of borrowers. By country Australia In Australia, c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privacy Law
Privacy law is the body of law that deals with the regulating, storing, and using of personally identifiable information, personal healthcare information, and financial information of individuals, which can be collected by governments, public or private organisations, or other individuals. It also applies in the commercial sector to things like trade secrets and the liability that directors, officers, and employees have when handing sensitive information. Privacy laws are considered within the context of an individual's privacy rights or within reasonable expectation of privacy. The Universal Declaration of Human Rights states that everyone has the right to privacy. The interpretation of these rights varies by country and are not always universal. Classification of privacy laws Privacy laws can be broadly classified into: * General privacy laws that have an overall bearing on the personal information of individuals and affect the policies that govern many different areas of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
