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Privacy Commissioner to limit credit charges

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New Zealand News | Wednesday April 23 2014 12:18

Privacy Commissioner to limit credit charges

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The Privacy Commissioner is moving to limit what credit reporters can charge people wanting immediate access to their own credit information.

It's been prompted by Veda Advantage charging customers $51.95 for urgent requests.

Commissioner John Edwards says that amount substantially exceeds what is reasonable to charge.

He says it's a breach of the Credit Reporting Privacy Code, constitutes a barrier to exercising fundamental access rights, and damages public trust in the industry.

Mr Edwards is proposing a limit of $10 and has started a submission process.

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