Key Facts on Credit Information 2019
Central Credit Register The Central Credit Register (CCR) is a new secure system for collecting personal and credit information on loans. It is operated by the Central Bank of Ireland under the Credit Reporting Act,2013. Since the 30th June 2017 lenders including banks, credit unions and any other lender that provides consumer loans of €500 […]
e-Day explained!
The passing of e-Day on 19th September 2014 marked the beginning of the end for cheques. From that date, government bodies, local authorities and state agencies stopped issuing cheques to and accepting cheques from businesses. This will obviously have a fundamental impact on the internal finance processes of a business. For example, payments to government […]
The Credit Reporting Act 2013
The Credit Reporting Act 2013 was enacted on the 23rd December 2013 and came in to force on 27th January 2014. The Act provides for the establishment and operation of a statutory Central Credit Register (CCR). This is a database of credit applications and credit agreements which will help lending institutions to make informed lending […]