The Irish Credit Bureau is a private entity and I have no role in regulating the mechanism by which lending institutions report to the Bureau. It a commercial matter between the ICB and the relevant institutions.
The Deputy will be aware that the Credit Reporting Act, 2013 provides for the establishment of a statutory credit register that will be owned and operated by the Central Bank of Ireland. There will be mandatory reporting of a comprehensive range of credit information by credit providers to specified reporting standards (e.g. formats, timelines etc.). Credit providers will be required to make mandatory credit checks with the Register for all credit applications above a threshold of €2,000. The Act also provides that the Central Bank will ensure the robust regulation of regulated financial service providers who fall under this Act.