Tag: consumer data right

Banks, proptechs trial digital ID for rental applications

Posted on   |  by Justin Hendry
Twelve companies will take part in a federal government trial testing how digital identity and open banking platforms can reduce excessive personal information sharing in rental property applications. Local...

Labor’s CDR retreat will cost consumers

Posted on   |  by Aaron Violi
“By unlocking the value of a consumer’s data, the Consumer Data Right (CDR) has the potential to be a transformational piece of economic reform for Australian consumers, delivering more...

NAB hit with record fine for consumer data right breach

Posted on   |  by Justin Hendry
National Australia Bank has been slapped with the country’s largest ever fine under the consumer data sharing regime for failing to disclose credit limit information on four occasions. The...

Energy innovators gain consumer data right carve out

Posted on   |  by Brandon How
Tweaks to consumer data right rules effective from Tuesday will allow energy companies to shield their trial products for two years from the scheme’s data sharing obligations in a...

‘Languishing’ CDR bill passes Parliament

Posted on   |  by Brandon How
After “languishing” in Parliament for close to two years, legislation to expand the consumer data right to action initiation has passed, despite concerns about the broader scheme. The Treasury...

How to get the consumer data right back on track

Posted on   |  by Aaron Violi
The consumer data right, or CDR, is a pioneering economic reform that gives consumers the ability to safely share the data Australian businesses hold about them for their own...

CDR architect says hold the course as banks blast scheme

Posted on   |  by Joseph Brookes
The architect of Australia’s consumer data right is calling for patience with the four-year-old scheme and teased additional future benefits after banks on Wednesday warned almost no one was...