A new bill proposed by the APNU+AFC administration will see credit information providers such as banks, companies licensed to conduct financial business, and other entities approved by the Bank of Guyana, being authorised to provide credit information to a licensed credit bureau without the consent of the consumer.
“This Bill is based on the experience of CREDITINFO Guyana, and draws upon best practices of other jurisdictions as well as those developed by the International Finance Corporation, and the proposed amendments are expected to contribute to an improved credit reporting framework,” the explanatory memorandum of the Credit Reporting (Amendment) Bill 2015 says. The Bill is in the name of Minister of Finance Winston Jordan.
“Credit information providers are required to have the consent from consumers prior to submitting a request to
