§ Mr. DrewTo ask the Parliamentary Secretary, Lord Chancellor's Department what plans he has to review the law whereby there is no obligation on a credit card company to alter their credit referencing files after losing a court case [150857]
§ Dr. HowellsI have been asked to reply.
I understand that credit card companies do not keep credit reference files. Instead they usually obtain such information from credit reference agencies. These agencies have to comply with the Consumer Credit Act 1974 and with the requirements of the Data Protection Act 1998. The latter requires that information is accurate and held no longer than necessary.
I therefore have no current plans to review this subject.