IBC Code of Conduct

Question 1

IBC Code of Conduct - Considerations for informed consent of credit score

Answer 1

not feel obliged; know specifically what theyre consenting to; must not presume consent is given

Question 2

IBC Code of Conduct - Elements of a credit consent request

Answer 2

authorization; nature of information; use made of info; consent use period; right to withdraw and consequences

Question 3

IBC Code of Conduct - Ensure suppliers of credit info dont include:

Answer 3

inquiries about own credit; inquiries related to insurance; income, gender, ethnicity, religion, marital status; multiple lender inquiries