The national operational credit file

Buried by the previous government after the National Commission for Data Protection (Cnil) made reservations, the creation of the national register of credits (or positive file) will appear in the consumer bill presented in the spring by Ben Pannon , Minister Delegate for Consumer Affairs .


Strengthening competition in the credit world

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According to the minister, the creation of the national credit register, also called the borrower’s file or positive file, could stimulate competition in consumer credit. On the sidelines of the parliamentary meetings on consumption at the beginning of February 2013, Ben Pannon declared that this file “is unquestionably a tool for stimulating competition for the sector since it will allow any new approved credit establishment, to be able to enter this market, where it’s more difficult to find a place.

It is true that the major players in consumer credit already have a lot of data on borrowers, which is almost akin to a positive private file. These registers provide them with a significant advantage over new entrants and the creation of a file accessible to all approved stakeholders would allow competition to play more fairly. For Ben Pannon, this strengthening of competition will make it possible to offer “more attractive offers for a certain number of audiences hitherto more or less excluded from the benefit of consumer credit. One of the objectives is to increase the number of people who benefit from a credit, opening up consumer credit to other populations ”.


Empower lending institutions and fight over-indebtedness

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In addition to strengthening competition, making lenders more responsible is one of the main goals pursued by the creation of this register, the bill of which will be examined by the National Assembly at the beginning of June. Indeed, the positive file should make it possible to avoid the multiplication of credits and to strengthen the fight against over-indebtedness of French households.


File 26 million borrowers, a subject that still divides

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New tool marking the maturity of the credit market, or restriction of freedoms and abusive labeling of consumers? This positive file remains controversial, as much by consumer associations as by credit institutions and political actors. During consumer days, Henry Jullian, director general of fiduciary activities at the Best Bank, also questioned the cost of this file, which will count more than 26 million people. These arguments were taken up by the president of the association Consumption, housing and living environment (CLCV), Clyde Luther, who estimated at “800 million dollars” the cost of installing this file and at “35 million dollars” its annual management “Estimates very largely overvalued “, according to Ben Pannon who anticipates a cost”

Regarding fears about individual freedoms, Ben Pannon also wanted to be reassuring: “Only approved credit institutions will be able to have access to it”. “The technical construction of such a tool is not insurmountable,” said the Minister of Consumer Affairs, assessing “at least a year” the time required for its establishment from the vote of the law. A decision announcing the entry into force of the national credit register from summer 2014.

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