Published by: Financial Conduct Authority (FCA) and Industry Working Group (IWG)
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Key Take Aways
The formation of the Credit Reporting Governance Body (CRGB) is central to reforming credit information governance, post-FCA’s Market Study, to improve data quality, transparency, and consumer outcomes.
The CRGB will be a company limited by guarantee with a majority of independent board members, designed to balance industry expertise with consumer protection.
Its core purpose is to provide effective governance over shared credit data, supporting responsible lending, financial inclusion, and industry innovation.
The governance model embeds safeguards including conflict of interest policies, quorum requirements, and robust decision-making procedures to ensure impartiality and accountability.
Industry stakeholders, including large CRAs, credit providers, CISPs, consumers, government, and regulators, will participate actively via subscription, advisory co...
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