Rejected petition Introduce a regulatory framework for Credit Reference Agencies

Create a regulatory body that directs behavior of Credit Reference Agencies to take responsibility for their data

More details

Currently credit reference agencies provide information to 3rd parties regarding people personal credit history. Currently Credit Reference Agencies are not regulated and pay scant regard to the quality or accuracy of the data that is held by them. This petition is to request the government to introduce regulatory controls into Credit Reference Agencies and the creation of an Ombudsman service to arbitrate on disputed items.

This petition was rejected

Why was this petition rejected?

It’s not clear what the petition is asking the UK Government or Parliament to do.

We're not sure exactly what you'd like the Government or Parliament to do. Credit reference agencies are already regulated by the Financial Conduct Authority, which is independent of Government. Concerns about inaccuracies in your credit file can currently be reported to the Information Commissioner's Office, via the link below:

https://ico.org.uk/concerns/handling/

Concerns about credit files may also be handled by the Financial Ombudsman Service, via the link below:

http://www.financial-ombudsman.org.uk/consumer/complaints.htm

We only reject petitions that don’t meet the petition standards.

Date submitted 7 February 2018
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