Comprehensive credit reporting (CCR) is a boon for consumers, and the banks are leading the way.
CCR has been drip-fed to Australian consumers over the last five years. It was first introduced on a voluntary basis in 2014. A CCR bill was introduced to parliament in 2018 but never progressed into law due to the Federal Election.
The government had been hoping to bring to parliament this year, but again it's been shelved.