The Central Bank of Ireland recently published feedback from its consultation paper on the planned introduction of a Centralised Credit Register (CCR).
This proposed register will contain details of all loans over €500, issued by all major lending institutions in Ireland. While the broad framework of the scheme has been outlined, much of the detail of how it is to be implemented is yet to be formulated.
For more information in relation to what the data will be used for and how it will affect you- the borrower - please see my articleon the Leman Solicitors' news section.
The Central Bank has proposed that the CCR will collect and process PPSN of borrowers to achieve an accurate single borrower view, but its collection will be subject to strict controls to protect the consumer against potential risks.
http://leman.ie/central-credit-register-an-impact-assessment/
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