Monday May 25, 2020

Under-24s more open to debt database than older consumers

Younger consumers more "amenable" to idea of data sharing

17th July, 2016
Michael Noonan

Consumers under the age of 24 are more open to the idea of their credit data being shared among lenders than older consumers, according to an internal Central Bank report.

Plans are under way for the establishment of a debt database, which will be populated by data supplied by lenders. However, data concerns are understood to be causing the latest delays to the project, with discussions ongoing between the Central Bank and the Data Protection Commissioner...

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