| Right to be forgotten on web could include debts |
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The European Commission (EC) has proposed radical updates to the 1995 EU data protection rules with a view to strengthening online privacy rights and improve Europe’s digital economy. The reforms will affect the way individuals and businesses use and store information. However, credit reference agencies are concerned that the reforms will have a serious impact within their industry. The reforms are regulations which have to be implemented by law and are not open to interpretation by member states. The proposals would allow consumers easier access to their data and the ‘right to be forgotten’, permitting individuals to delete information if there were no legitimate grounds for retaining it – without exemptions this could also apply to past debt records. Business will face a single set of rules on data protection across the EU, designed to remove administrative burdens. |
