THE CARIBBEAN CREDIT BUREAU is working with regional governments to get harmonised credit-rating legislation put on the books. This is according to Bianca Williams, acting chief executive officer of the Caribbean Credit Bureau. "We're not interested in just benefiting one territory but all the territories; so there would be harmonised legislation that would afford information-sharing and consumer protection because we want to let it be known that we're not just here to represent the business world, but consumers also have rights. "Consumers need to know who has reported them, why they have been reported, and how can they rehabilitate themselves, and we are working with the government agencies in every island," Williams told the Press during a break in the bureau's CSME Ready Credit and Recoveries seminar at Blue Horizon Hotel in Rockley, Christ Church, last Tuesday. She noted that this regional collaboration would create a collective front to meet the credit challenges, including an increasing number of returned cheques, which minimised a company's ability to offer new credit facilities to others who are really worthy. The seminar attracted more than 30 participants - from Barbados, St Kitts-Nevis, Antigua, Dominica, St Lucia, St Vincent and the Grenadines, and Grenada - from various sectors, including banks, credit unions, micro-enterprises, the automotive industry and insurance sector. (CH)
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