23 Apr 2014

Credit data fee limit proposed

12:52 pm on 23 April 2014

The Privacy Commission is proposing a limit on fees charged for urgent requests regarding personal credit information.

Last month the commission said the country's biggest credit reporting agency, Veda Advantage, was gaming the system by demanding a fee of nearly $52 if people wanted to see their information in less than 20 days.

An inquiry found that was five times the recommended amount.

The commission is suggesting the fee be limited to $10 and says fees for immediate information requests should cover only costs.