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...
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...
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...
Australia’s consumer data sharing regime will be simplified in a bid to reduce compliance costs for banks and energy providers while lifting uptake among consumers, under a series of...
The consumer data right stands as one of Australia’s most innovative policy initiatives in recent years. Designed to give consumers control over their data and foster competition, the CDR...
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...
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...
Local FinTechs have called for greater clarity on the future of the Consumer Data Right, including key reforms to the scheme that have languished before federal Parliament for more...
Global banking giant HSBC has avoided a hefty fine despite allegedly sending inaccurate and incomplete data through Australia’s budding economy-wide data sharing scheme. The bank paid penalties of $33,000...
Here’s a philosophical question for the times: If a national economy-wide digital economy platform initiative is suffering a slow, tortured death – and no one notices – should it...