THE CBA POPIA CODE OF CONDUCT & CREDIT BUREAU PRIOR AUTHORIZATION
The Credit Bureau Association (the “CBA”) submitted a Code of Conduct (the “CBA Code”) to the Information Regulator on 15th September 2021, in respect of all its members. Once approved by the Information Regulator, the CBA Code will provide for prior authorization approval at an industry level. It is essential that any application for prior authorization by the primary credit bureaus, namely Consumer Profile Bureau, Experian, TransUnion, Vericred and XDS, (the “primary credit bureaus”), is made jointly by way of an industry code of conduct
Once the CBA Code is duly approved by the Information Regulator, the CBA Code will again be published in the Government Gazette and will only come into effect after 28 days. In the interim, the primary credit bureaus will abide by the provisions of the CBA Code as published on the CBA’s website and will continue processing credit information as required in terms of the National Credit Act, 34 of 2005