PARLIAMENTARY EARLY DAY MOTION
DATA-SHARING ON PERSONAL DEBT (19 January 2006)

That this House notes the widespread support for the decision of some credit card providers to share customers' behavioural data, as this will help to identify customers at risk of taking on too much personal debt; further notes that increased sharing of data across lending organisations will lead to better lending decisions and a reduction in the risk of customers becoming over-indebted; acknowledges that there are currently restrictions on lenders' ability to share historic data as a result of data protection legislation; hopes that the expected Department of Trade and Industry consultation will address this and enable historic data to be shared without placing personal information at risk; and further hopes that the scope of the consultation will be broadened to include sharing of other data, such as student loans.

Sponsored by:
Tim Farron (Liberal Democrat)