<p>The rules on how credit reference agencies share data in the UK credit market are set by the cross-industry Steering Committee on Reciprocity (SCOR), which includes representatives from trade associations and lenders. The Government agrees with the strong message from the Financial Conduct Authority (FCA) to SCOR to identify and remove any blockages involving payday lenders as a matter of urgency.</p><p>The Government has made clear to lenders that credit data sharing is key to proper affordability assessments and promoting a competitive market and more progress on recording and using payday lending data in real time is vital to addressing problems around multiple loans.</p>