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     evolution

This page explores how the consumer credit reporting industry has evolved and the shape of legislative responses.

It covers -

• introduction
• history
• automation
• demands
• interaction
• globalisation
• Australian responses
• overseas responses

    introduction

As the preceding page of this profile suggested, the consumer credit reporting industry in advanced economies has been driven by four factors -

• automation, with a progression from electronic retrieval of historical data towards establishment of sophisticated predictive systems
• demands by end-users of credit information, a group that increasingly encompasses both providers of financial services and consumers
• interaction with debt collection and personal investigation bodies and regulators
• globalisation

Those factors have resulted in a blurring of demarcations between credit reference services and data brokers

   next page  (overseas)