Credit reporting and Economic Abuse is a guide for financial counsellors and community lawyers produced by EARG and Financial Rights Legal Centre.
Any amendments since publication in May 2022 will appear on this page.
ASIC confirms lenders can withhold credit reporting information in DFV circumstancces (8/7/22).
ASIC has adopted a no-action position to enable large banks (‘eligible licensees’) to withhold the reporting of certain credit information on consumer credit reports where reporting the information could lead to consumer harm, including where a consumer may be the victim of family violence.
ASIC has also advised credit providers that they can avoid providing notice about a variation to a joint borrower (as required by the legislation) in DFV circumstances.