CCR Update for CUDA Owner Members

Hello and good morning all,

Further to yesterday evening’s update the Central Bank have now published the following statement. Please share this with your colleagues who are handling queries from members.

Central Credit Register

The Central Credit Register produces credit reports for lenders and borrowers on request. The Central Credit Register does not produce a credit score; it simply records the information that is submitted by lenders on a monthly basis.

The Central Bank and lenders are working to develop practical measures so that the credit record of those who avail of a payment break get an appropriate recording on the Central Credit Register.

Stay safe, regards for now, Kevin