Utility service providers in Jamaica will now supply information on their customers to credit bureaus. News has come that Finance Minister Dr Peter Phillips exercised his power under the Credit Reporting Act and signed an order to this effect on August 7. The Jamaica Public Service Company, National Water Commission, licensees under the Telecommunications Act as well as entities in the credit business were designated as credit information providers. According to the notice, broadening the slate of providers will expand the database of credit information available to licensees under the Credit Reporting Act. It says this also has positive implications for the quality of credit reports which inform risk assessments and credit decision making.
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Utilities can now report on customers to credit bureaus
