ACCC pushes back consumer data right timeline

Australia’s competition regulator has delayed the launch of the consumer data right (CDR) for the banking sector by five months, with key elements expected to go live in February now planned for July 2020.

Consumers will now have to wait until 1 July to be able to direct major banks to share their credit and debit card, deposit account and transaction data with select service providers after the Australian Competition and Consumer Commission decided it needed more…

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