Promoting Economic Growth
The Association has two primary purposes; firstly to promote economic growth by facilitating access to business information as used by the Credit Reference Agencies This information is essential because it helps to reduce the risk inherent in business transactions; deters fraud; and facilitates the granting of credit.
Secondly to facilitate communication between the Agencies and the business community to create greater awareness of the data held; how this data is used; and how it benefits business decisions and responsible lending.
The European Parliament formally adopted the General Data Protection Regulation (GDPR) on April 14th 2016. The regulation will come into force in May 2016 and Member states will have 2 years to transpose the provisions into national law. BI… Read more