MEDIA RELEASE

The Australasian Retail Credit Association (ARCA) exists to promote best practice in credit risk assessment and responsible lending, as well as promoting better standards in consumer credit reporting.

ARCA takes a leadership role in promoting the sharing of information between our Members to enable them to better serve their customers. Improved data sharing is critical to the efficient operating of credit markets, resulting in improved products and rates for consumers and more efficient pricing for credit providers.

ARCA’s aim is to promote responsible lending and establish a benchmark for best practice in consumer credit management through reciprocal sharing and use of information.

ARCA Members are motivated by the opportunity to improve the quality of credit reporting information in Australia through improvements to the existing credit reporting regime, as well as the introduction of more comprehensive credit reporting. The introduction of more comprehensive credit reporting may bring significant benefits to the Australian community, including more informed lending decisions which have the potential to drive positive economic activity.