Credit reference agencies set for more collaboration on consumer data access

A new industry body for credit reference agencies is expected to be established in 2023 as the prelude to improving competition and providing better information to consumers.

By Neasa MacErlean

The initiative comes from the Financial Conduct Authority, which has laid out its proposals in a discussion paper,and is seeking responses by 24 February 2023. The FCA's final plans are due to be published in Q3 of next year.