{"id":4070,"date":"2017-07-10T17:55:20","date_gmt":"2017-07-10T21:55:20","guid":{"rendered":"http:\/\/antiguanewsroom.com\/?p=4070"},"modified":"2017-07-23T17:34:45","modified_gmt":"2017-07-23T17:34:45","slug":"new-law-will-make-it-easier-for-banks-to-know-who-you-owe","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/new-law-will-make-it-easier-for-banks-to-know-who-you-owe\/","title":{"rendered":"New law will make it easier for banks to know who you owe"},"content":{"rendered":"
\"\"<\/a><\/div>
\"\"<\/a><\/div>

Health Minister Molwyn Joseph has raised the alarm over a new piece of law which gives a Credit Bureau the power to share the financial information of people with others.<\/p>

\"\"<\/a><\/div>\n

Although the consent of the individual must be obtained first, Joseph believes the Credit Reporting Bill 2017 can not only be abused but will disenfranchise the poor.<\/p>\n

The bureau will be responsible for compiling the financial information of residents and presenting it to financial institutions when these people seek credit.<\/p>

\"\"<\/a><\/div>
\"\"<\/a><\/div>\n

The Bureau will present a credit rating based on data collected from various institutions including places like APUA and other places that grant credit like furniture stores.<\/p>

\"\"<\/a><\/div>\n

\u201cYou are going to find that suddenly a lot of the working-class people cannot access credit. We have to be careful how this is introduced.\u201d<\/p>\n

The minister wants and \u201cextensive period\u201d of education before the provisions in the act is introduced.<\/p>

\"\"<\/a><\/div>\n

He also wants to know how far back the bureau will go creating the credit history.<\/p>\n

Joseph is also concerned that \u201cin a small society\u201d confidentiality will become an issue.<\/p>

\"\"<\/a><\/div>\n

\u201cThis thing called confidentiality is the hardest thing to achieve in a small society and reputations can be severely damaged.\u201d<\/p>

\"\"<\/a><\/div>\n

He said the legislation would have to be \u201ctightened up\u201d to strengthen the 100 thousand dollars fine for members of the bureau who may \u201cleak\u201d financial information.<\/p>\n

APUA minister Sir Robin Yearwood says there are adequate safeguards in the law to protect people.<\/p>\n

Prime Minister and Minister for Finance Gaston Browne said the bill may not be perfect but noted: \u201cit will help speed up the granting of credit.\u201d<\/p>\n

He told the Lower House that it will help credit-granting institutions to better assess the creditworthiness of\u00a0an individual.<\/p>\n

\u201cThose individuals who operate those credit bureau\u2019s must be of the highest integrity,\u201d he said.<\/p>\n

The law is harmonsied and will be passed in the entire Eastern Caribbean Currency Union.<\/p>\n

While the law was passed in the House of Representatives it will only take effect after a period of consultations.<\/p>\n

\"\"<\/a><\/div>","protected":false},"excerpt":{"rendered":"

Health Minister Molwyn Joseph has raised the alarm over a new piece of law which gives a Credit Bureau the power to share the financial information of people with others. Although the consent of the individual must be obtained first, Joseph believes the Credit Reporting Bill 2017 can not only be abused but will disenfranchise […]<\/p>\n","protected":false},"author":3,"featured_media":4071,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,1],"tags":[],"class_list":["post-4070","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-featured"],"yoast_head":"\nNew law will make it easier for banks to know who you owe - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/new-law-will-make-it-easier-for-banks-to-know-who-you-owe\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New law will make it easier for banks to know who you owe\" \/>\n<meta property=\"og:description\" content=\"Health Minister Molwyn Joseph has raised the alarm over a new piece of law which gives a Credit Bureau the power to share the financial information of people with others. Although the consent of the individual must be obtained first, Joseph believes the Credit Reporting Bill 2017 can not only be abused but will disenfranchise […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/antiguanewsroom.com\/new-law-will-make-it-easier-for-banks-to-know-who-you-owe\/\" \/>\n<meta property=\"og:site_name\" content=\"Antigua News Room\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/antiguanewsroom\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-10T21:55:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-07-23T17:34:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mlavawteztbj.i.optimole.com\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2017\/07\/Credit-Score.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2048\" \/>\n\t<meta property=\"og:image:height\" content=\"1366\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Editor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@AntiguaNewsRoom\" \/>\n<meta name=\"twitter:site\" content=\"@AntiguaNewsRoom\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/antiguanewsroom.com\/new-law-will-make-it-easier-for-banks-to-know-who-you-owe\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/antiguanewsroom.com\/new-law-will-make-it-easier-for-banks-to-know-who-you-owe\/\"},\"author\":{\"name\":\"Editor\",\"@id\":\"https:\/\/antiguanewsroom.com\/#\/schema\/person\/36cac05ef6398fe56ae3e6317f8535c5\"},\"headline\":\"New law will make it easier for banks to know who you owe\",\"datePublished\":\"2017-07-10T21:55:20+00:00\",\"dateModified\":\"2017-07-23T17:34:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/antiguanewsroom.com\/new-law-will-make-it-easier-for-banks-to-know-who-you-owe\/\"},\"wordCount\":348,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/antiguanewsroom.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/antiguanewsroom.com\/new-law-will-make-it-easier-for-banks-to-know-who-you-owe\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mlavawteztbj.i.optimole.com\/w:1619\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2017\/07\/Credit-Score.jpg\",\"articleSection\":[\"Economy\",\"Featured\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/antiguanewsroom.com\/new-law-will-make-it-easier-for-banks-to-know-who-you-owe\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/antiguanewsroom.com\/new-law-will-make-it-easier-for-banks-to-know-who-you-owe\/\",\"url\":\"https:\/\/antiguanewsroom.com\/new-law-will-make-it-easier-for-banks-to-know-who-you-owe\/\",\"name\":\"New law will make it easier for banks to know who you owe - Antigua News Room\",\"isPartOf\":{\"@id\":\"https:\/\/antiguanewsroom.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/antiguanewsroom.com\/new-law-will-make-it-easier-for-banks-to-know-who-you-owe\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/antiguanewsroom.com\/new-law-will-make-it-easier-for-banks-to-know-who-you-owe\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mlavawteztbj.i.optimole.com\/w:1619\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2017\/07\/Credit-Score.jpg\",\"datePublished\":\"2017-07-10T21:55:20+00:00\",\"dateModified\":\"2017-07-23T17:34:45+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/antiguanewsroom.com\/new-law-will-make-it-easier-for-banks-to-know-who-you-owe\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/antiguanewsroom.com\/new-law-will-make-it-easier-for-banks-to-know-who-you-owe\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/antiguanewsroom.com\/new-law-will-make-it-easier-for-banks-to-know-who-you-owe\/#primaryimage\",\"url\":\"https:\/\/mlavawteztbj.i.optimole.com\/w:1619\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2017\/07\/Credit-Score.jpg\",\"contentUrl\":\"https:\/\/mlavawteztbj.i.optimole.com\/w:1619\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2017\/07\/Credit-Score.jpg\",\"width\":\"2048\",\"height\":\"1366\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/antiguanewsroom.com\/new-law-will-make-it-easier-for-banks-to-know-who-you-owe\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/antiguanewsroom.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"New law will make it easier for banks to know who you owe\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/antiguanewsroom.com\/#website\",\"url\":\"https:\/\/antiguanewsroom.com\/\",\"name\":\"Antigua News Room\",\"description\":\"News As It Happens\",\"publisher\":{\"@id\":\"https:\/\/antiguanewsroom.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/antiguanewsroom.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/antiguanewsroom.com\/#organization\",\"name\":\"Antigua Newsroom\",\"url\":\"https:\/\/antiguanewsroom.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/antiguanewsroom.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/mlavawteztbj.i.optimole.com\/w:1080\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/08\/IMG_1584.jpeg\",\"contentUrl\":\"https:\/\/mlavawteztbj.i.optimole.com\/w:1080\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/08\/IMG_1584.jpeg\",\"width\":1260,\"height\":1260,\"caption\":\"Antigua Newsroom\"},\"image\":{\"@id\":\"https:\/\/antiguanewsroom.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/antiguanewsroom\",\"https:\/\/x.com\/AntiguaNewsRoom\",\"https:\/\/www.instagram.com\/antiguanewsroom\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/antiguanewsroom.com\/#\/schema\/person\/36cac05ef6398fe56ae3e6317f8535c5\",\"name\":\"Editor\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/antiguanewsroom.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ad516503a11cd5ca435acc9bb6523536?s=96\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ad516503a11cd5ca435acc9bb6523536?s=96\",\"caption\":\"Editor\"},\"url\":\"https:\/\/antiguanewsroom.com\/author\/editor\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"New law will make it easier for banks to know who you owe - Antigua News Room","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/antiguanewsroom.com\/new-law-will-make-it-easier-for-banks-to-know-who-you-owe\/","og_locale":"en_US","og_type":"article","og_title":"New law will make it easier for banks to know who you owe","og_description":"Health Minister Molwyn Joseph has raised the alarm over a new piece of law which gives a Credit Bureau the power to share the financial information of people with others. Although the consent of the individual must be obtained first, Joseph believes the Credit Reporting Bill 2017 can not only be abused but will disenfranchise […]","og_url":"https:\/\/antiguanewsroom.com\/new-law-will-make-it-easier-for-banks-to-know-who-you-owe\/","og_site_name":"Antigua News Room","article_publisher":"https:\/\/www.facebook.com\/antiguanewsroom","article_published_time":"2017-07-10T21:55:20+00:00","article_modified_time":"2017-07-23T17:34:45+00:00","og_image":[{"width":2048,"height":1366,"url":"https:\/\/mlavawteztbj.i.optimole.com\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2017\/07\/Credit-Score.jpg","type":"image\/jpeg"}],"author":"Editor","twitter_card":"summary_large_image","twitter_creator":"@AntiguaNewsRoom","twitter_site":"@AntiguaNewsRoom","twitter_misc":{"Written by":"Editor","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/antiguanewsroom.com\/new-law-will-make-it-easier-for-banks-to-know-who-you-owe\/#article","isPartOf":{"@id":"https:\/\/antiguanewsroom.com\/new-law-will-make-it-easier-for-banks-to-know-who-you-owe\/"},"author":{"name":"Editor","@id":"https:\/\/antiguanewsroom.com\/#\/schema\/person\/36cac05ef6398fe56ae3e6317f8535c5"},"headline":"New law will make it easier for banks to know who you owe","datePublished":"2017-07-10T21:55:20+00:00","dateModified":"2017-07-23T17:34:45+00:00","mainEntityOfPage":{"@id":"https:\/\/antiguanewsroom.com\/new-law-will-make-it-easier-for-banks-to-know-who-you-owe\/"},"wordCount":348,"commentCount":0,"publisher":{"@id":"https:\/\/antiguanewsroom.com\/#organization"},"image":{"@id":"https:\/\/antiguanewsroom.com\/new-law-will-make-it-easier-for-banks-to-know-who-you-owe\/#primaryimage"},"thumbnailUrl":"https:\/\/mlavawteztbj.i.optimole.com\/w:1619\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2017\/07\/Credit-Score.jpg","articleSection":["Economy","Featured"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/antiguanewsroom.com\/new-law-will-make-it-easier-for-banks-to-know-who-you-owe\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/antiguanewsroom.com\/new-law-will-make-it-easier-for-banks-to-know-who-you-owe\/","url":"https:\/\/antiguanewsroom.com\/new-law-will-make-it-easier-for-banks-to-know-who-you-owe\/","name":"New law will make it easier for banks to know who you owe - Antigua News Room","isPartOf":{"@id":"https:\/\/antiguanewsroom.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/antiguanewsroom.com\/new-law-will-make-it-easier-for-banks-to-know-who-you-owe\/#primaryimage"},"image":{"@id":"https:\/\/antiguanewsroom.com\/new-law-will-make-it-easier-for-banks-to-know-who-you-owe\/#primaryimage"},"thumbnailUrl":"https:\/\/mlavawteztbj.i.optimole.com\/w:1619\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2017\/07\/Credit-Score.jpg","datePublished":"2017-07-10T21:55:20+00:00","dateModified":"2017-07-23T17:34:45+00:00","breadcrumb":{"@id":"https:\/\/antiguanewsroom.com\/new-law-will-make-it-easier-for-banks-to-know-who-you-owe\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/antiguanewsroom.com\/new-law-will-make-it-easier-for-banks-to-know-who-you-owe\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/antiguanewsroom.com\/new-law-will-make-it-easier-for-banks-to-know-who-you-owe\/#primaryimage","url":"https:\/\/mlavawteztbj.i.optimole.com\/w:1619\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2017\/07\/Credit-Score.jpg","contentUrl":"https:\/\/mlavawteztbj.i.optimole.com\/w:1619\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2017\/07\/Credit-Score.jpg","width":"2048","height":"1366"},{"@type":"BreadcrumbList","@id":"https:\/\/antiguanewsroom.com\/new-law-will-make-it-easier-for-banks-to-know-who-you-owe\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/antiguanewsroom.com\/"},{"@type":"ListItem","position":2,"name":"New law will make it easier for banks to know who you owe"}]},{"@type":"WebSite","@id":"https:\/\/antiguanewsroom.com\/#website","url":"https:\/\/antiguanewsroom.com\/","name":"Antigua News Room","description":"News As It Happens","publisher":{"@id":"https:\/\/antiguanewsroom.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/antiguanewsroom.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/antiguanewsroom.com\/#organization","name":"Antigua Newsroom","url":"https:\/\/antiguanewsroom.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/antiguanewsroom.com\/#\/schema\/logo\/image\/","url":"https:\/\/mlavawteztbj.i.optimole.com\/w:1080\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/08\/IMG_1584.jpeg","contentUrl":"https:\/\/mlavawteztbj.i.optimole.com\/w:1080\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/08\/IMG_1584.jpeg","width":1260,"height":1260,"caption":"Antigua Newsroom"},"image":{"@id":"https:\/\/antiguanewsroom.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/antiguanewsroom","https:\/\/x.com\/AntiguaNewsRoom","https:\/\/www.instagram.com\/antiguanewsroom\/"]},{"@type":"Person","@id":"https:\/\/antiguanewsroom.com\/#\/schema\/person\/36cac05ef6398fe56ae3e6317f8535c5","name":"Editor","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/antiguanewsroom.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ad516503a11cd5ca435acc9bb6523536?s=96","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ad516503a11cd5ca435acc9bb6523536?s=96","caption":"Editor"},"url":"https:\/\/antiguanewsroom.com\/author\/editor\/"}]}},"_links":{"self":[{"href":"https:\/\/antiguanewsroom.com\/anr-api\/wp\/v2\/posts\/4070","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/antiguanewsroom.com\/anr-api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/antiguanewsroom.com\/anr-api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/antiguanewsroom.com\/anr-api\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/antiguanewsroom.com\/anr-api\/wp\/v2\/comments?post=4070"}],"version-history":[{"count":0,"href":"https:\/\/antiguanewsroom.com\/anr-api\/wp\/v2\/posts\/4070\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/antiguanewsroom.com\/anr-api\/wp\/v2\/media\/4071"}],"wp:attachment":[{"href":"https:\/\/antiguanewsroom.com\/anr-api\/wp\/v2\/media?parent=4070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/antiguanewsroom.com\/anr-api\/wp\/v2\/categories?post=4070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/antiguanewsroom.com\/anr-api\/wp\/v2\/tags?post=4070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}