"Property monopolized or in the possession of the few is a curse to mankind." - John Adams
NAMA - The Greatest Scam Yet
The Banks sell as an assest the product they used to bankrupt Ireland
Irish Credit Bureau put up for sale 09.11.2009
The Irish Credit Bureau (ICB), the body that gathers information on people’s credit history for lenders, has been but up for sale for up to €100m, the Sunday Times has reported.
According to the Sunday Times, advisers to the sales have valued the ICB at between €50m and €100m.
The paper cites sources as saying that the decision to sell the ICB was made in late October, following a review of its operations instigated by AIB, which owns more than 12pc of the organisation.
The paper reports that ICB’s sale is likely to attract domestic and international interest.
Global credit-rating agency Experian is understood to be interested in ICB, given that it has been trying to develop a competing credit rating agency in Ireland.
Experian Ireland’s Managing Director Richie Smith told the Sunday Times that it would be “interested in credit bureaux in any country in the world that come into play and ICB would be one”.
The paper says other possible buyers include Fexco, the German credit bureau Schufa, and Italian operator Crif.
The Irish Credit Bureau (ICB), the body that gathers information on people’s credit history for lenders, has been but up for sale for up to €100m, the Sunday Times has reported.
According to the Sunday Times, advisers to the sales have valued the ICB at between €50m and €100m.
The paper cites sources as saying that the decision to sell the ICB was made in late October, following a review of its operations instigated by AIB, which owns more than 12pc of the organisation.
The paper reports that ICB’s sale is likely to attract domestic and international interest.
Global credit-rating agency Experian is understood to be interested in ICB, given that it has been trying to develop a competing credit rating agency in Ireland.
Experian Ireland’s Managing Director Richie Smith told the Sunday Times that it would be “interested in credit bureaux in any country in the world that come into play and ICB would be one”.
The paper says other possible buyers include Fexco, the German credit bureau Schufa, and Italian operator Crif.
When Alan Evans challenged the Irish Credit Bureau and Banks
In 2004 I challenged the Use and collection of data by the Irish Credit Bureau as I felt it was unconstitutional for the following reasons.
1. I felt that decisions made where a person found themselves entered on this system was blacklisted without a judical decision.
2. If a person wanted to challenge a bank for bad advices, charges etc they could find themselves on the ICB database.
3. the ICB been structured in this way many people found themselves entered on the ICB and penalised into borrowing money at subprime rates.
4. The ICB, been run solely by banks was indeed a covert operation to produce a sub prime lending market and become financial judge and jury.
In 2004 Alan Evans advised people to support him in his campaign against the banks using, what he called their personal financial judge and jury unconstitution illegal system, because of the cosy cartel relationship between the banking elite Alan Evans felt this would eventually bankrupt our country, No one listened then. It seems now he was right all along.
Any solicitor that had their details entered seemed to be awarded for defamation etc, why were the ordinary people not afforded the same set of rules?
Why was there never any judical ruling to determine a person grip with their bank?
Why were the banks allowed to determine the law in the first place, so easily destroying a person credability in the blink of an eye?
Why was the ICB not independently monitered and run?
Why did our governments stand back and allow such a practice to be carried on? would this have someting to do with fast tracked loans we have read about, you bet it is.
How could the banks enter people property for repossesions without a court order? and also have members of the Garda Force to harrasse and intimidate at such short notice. Surely this most definitively was not demacratic and the Garda Force are guilty of not following proper protocal.
Again we only see more of the big business Garda Force support with them once again breaking the law and not the citizens.
Now Folks the ICB ltd was put up for sale in November 2009. Why? is it so the bankers cannot be ICB'd. I mean they are about to sell an assest containing all of the people of Irelands data protected details to a possible UK company. This has to be stopped and should not be allow.
It is becoming more and more like the English Draconian Landlordism every day.
Hopefully the people will stop and start to listen this time round.
1. I felt that decisions made where a person found themselves entered on this system was blacklisted without a judical decision.
2. If a person wanted to challenge a bank for bad advices, charges etc they could find themselves on the ICB database.
3. the ICB been structured in this way many people found themselves entered on the ICB and penalised into borrowing money at subprime rates.
4. The ICB, been run solely by banks was indeed a covert operation to produce a sub prime lending market and become financial judge and jury.
In 2004 Alan Evans advised people to support him in his campaign against the banks using, what he called their personal financial judge and jury unconstitution illegal system, because of the cosy cartel relationship between the banking elite Alan Evans felt this would eventually bankrupt our country, No one listened then. It seems now he was right all along.
Any solicitor that had their details entered seemed to be awarded for defamation etc, why were the ordinary people not afforded the same set of rules?
Why was there never any judical ruling to determine a person grip with their bank?
Why were the banks allowed to determine the law in the first place, so easily destroying a person credability in the blink of an eye?
Why was the ICB not independently monitered and run?
Why did our governments stand back and allow such a practice to be carried on? would this have someting to do with fast tracked loans we have read about, you bet it is.
How could the banks enter people property for repossesions without a court order? and also have members of the Garda Force to harrasse and intimidate at such short notice. Surely this most definitively was not demacratic and the Garda Force are guilty of not following proper protocal.
Again we only see more of the big business Garda Force support with them once again breaking the law and not the citizens.
Now Folks the ICB ltd was put up for sale in November 2009. Why? is it so the bankers cannot be ICB'd. I mean they are about to sell an assest containing all of the people of Irelands data protected details to a possible UK company. This has to be stopped and should not be allow.
It is becoming more and more like the English Draconian Landlordism every day.
Hopefully the people will stop and start to listen this time round.
Irish Times News Article November 9th 2004
The Irish Times - 9th November 2004 Group wants to curb power of credit bureau
Daniel McConnell
A new pressure group objecting to the passing of personal information between financial institutions is to be launched within the next two weeks.
Calling itself Blacklistedname.com, the new group is seeking tighter regulations on what information banks and building societies can obtain about individuals.
Dr Alan Evans, spokesman for the new organization said yesterday: “We are gravely concerned that at present without full knowledge or consideration of transactions, financial institutions can refuse anyone a loan because their details appear on their database. If someone defaults on a loan, even for reasons beyond their control with just one bank, with this database their chances of getting a loan with anyone else are taken away. It puts the individual in an extremely weak position.”
The group's website is expected to be online by the end of next week and it has emerged that a national publicity campaign is planned to highlight the issue.
Dr Evans said he would like to see a curbing of the powers of the Irish Credit Bureau, who provides information to the various financial institutions.
A spokesman for the Irish Credit Bureau, told the Irish Times: “We are not a blacklisting organization, but a credit reference agency. There is a data protection act under which we operate and our members have obtained consent from individuals for the information to be made available. If someone has a gripe, there are remedies in place under the law if they wish to seek resolution”.
In the past, a solicitor who sued GE Capital Woodchester Bank Ltd for libel was awarded € 14, 500 damages at the High Court. Mr Bryan F. Fox had claimed the company had given false written information about him to the Irish Credit Bureau Ltd. The bank denied any impropriety.
Daniel McConnell
A new pressure group objecting to the passing of personal information between financial institutions is to be launched within the next two weeks.
Calling itself Blacklistedname.com, the new group is seeking tighter regulations on what information banks and building societies can obtain about individuals.
Dr Alan Evans, spokesman for the new organization said yesterday: “We are gravely concerned that at present without full knowledge or consideration of transactions, financial institutions can refuse anyone a loan because their details appear on their database. If someone defaults on a loan, even for reasons beyond their control with just one bank, with this database their chances of getting a loan with anyone else are taken away. It puts the individual in an extremely weak position.”
The group's website is expected to be online by the end of next week and it has emerged that a national publicity campaign is planned to highlight the issue.
Dr Evans said he would like to see a curbing of the powers of the Irish Credit Bureau, who provides information to the various financial institutions.
A spokesman for the Irish Credit Bureau, told the Irish Times: “We are not a blacklisting organization, but a credit reference agency. There is a data protection act under which we operate and our members have obtained consent from individuals for the information to be made available. If someone has a gripe, there are remedies in place under the law if they wish to seek resolution”.
In the past, a solicitor who sued GE Capital Woodchester Bank Ltd for libel was awarded € 14, 500 damages at the High Court. Mr Bryan F. Fox had claimed the company had given false written information about him to the Irish Credit Bureau Ltd. The bank denied any impropriety.
Sunday Independent News Article November 28th 2004
Sunday Independent 28th November 2004 DANIEL McCONNELL
A NEW group opposed to the passing of personal information between financial institutions is to take legal action against the Irish Credit Bureau to curb its powers.
Calling itself Blacklistednames.com, the new group is seeking tighter regulations on what information banks and building societies can obtain about individuals.
It believes the current methods of sharing information are an infringement of the basic rights of citizens.
A hunger strike by the group at one of Ireland 's leading banks planned for tomorrow has been averted at the last minute following agreement with the bank to hear the group's grievances.
Dr Alan Evans, spokesman for the new group, told the Sunday Independent: "We are determined to show that the actions of the ICB infringe on the civil liberties of people like me all over the country."
According to the website, "blacklistedname.com is committed to bringing the workings of the Irish Credit Bureau to the attention of the public and the media. We believe the practices of the ICB, and its 41 members, are unfair, unjust and unethical. We hope to prove these practices illegal."
At present, all Irish-based major banks and financial institutions are signed up as members to the ICB, which provides them with details of a person's credit history.
The Irish Credit Bureau is the biggest credit-referencing agency in Ireland . It is owned and financed by 41 financial institutions. It was formed in 1965 to assist lowering cost of credit, enable faster decision-making in the provision of credit and aid in the avoidance of over-indebtedness.
The Bureau keep computerised records on the credit agreements between financial institutions and borrowers. Currently, there are about 2.7 million names and addresses on the ICB database.
Dr Evans said: "If someone defaults on a loan, even for reasons beyond their control with just one bank, with this database their chances of getting a loan with anyone else are taken away. It puts the individual in an extremely weak position."
An ICB spokesman said: "We are not a blacklisting organisation but a credit reference agency. There is a data protection act and our members have obtained consent from individuals for the information to be made available. If someone has a gripe, there are remedies in place under the law if they wish to seekresolution."
A NEW group opposed to the passing of personal information between financial institutions is to take legal action against the Irish Credit Bureau to curb its powers.
Calling itself Blacklistednames.com, the new group is seeking tighter regulations on what information banks and building societies can obtain about individuals.
It believes the current methods of sharing information are an infringement of the basic rights of citizens.
A hunger strike by the group at one of Ireland 's leading banks planned for tomorrow has been averted at the last minute following agreement with the bank to hear the group's grievances.
Dr Alan Evans, spokesman for the new group, told the Sunday Independent: "We are determined to show that the actions of the ICB infringe on the civil liberties of people like me all over the country."
According to the website, "blacklistedname.com is committed to bringing the workings of the Irish Credit Bureau to the attention of the public and the media. We believe the practices of the ICB, and its 41 members, are unfair, unjust and unethical. We hope to prove these practices illegal."
At present, all Irish-based major banks and financial institutions are signed up as members to the ICB, which provides them with details of a person's credit history.
The Irish Credit Bureau is the biggest credit-referencing agency in Ireland . It is owned and financed by 41 financial institutions. It was formed in 1965 to assist lowering cost of credit, enable faster decision-making in the provision of credit and aid in the avoidance of over-indebtedness.
The Bureau keep computerised records on the credit agreements between financial institutions and borrowers. Currently, there are about 2.7 million names and addresses on the ICB database.
Dr Evans said: "If someone defaults on a loan, even for reasons beyond their control with just one bank, with this database their chances of getting a loan with anyone else are taken away. It puts the individual in an extremely weak position."
An ICB spokesman said: "We are not a blacklisting organisation but a credit reference agency. There is a data protection act and our members have obtained consent from individuals for the information to be made available. If someone has a gripe, there are remedies in place under the law if they wish to seekresolution."
:: ICB members ::
- ACC Bank
- AIB Bank
- AIB Finance and Leasing
- AIB Credit Cards
- Anglo Irish Bank Corporation
- The Associates
- Bank of Ireland Bank
- Bank of Ireland Finance
- Banking 365
- BOI Direct
- Bank of Ireland Credit Cards
- Bank of Scotland ( Ireland )
- Barclay Card
- BNP Capital Finance
- Bord Gais Finance
- Caterpillar Financial Services
- City Financial
- EBS Building Society
- Everyday Finance
- Fiat Auto Financial Services
- First Active
- Ford Credit Europe
- Friends First Finance
- GE Capital Woodchester Bank
- HFC Bank
- ICS Building Society
- IIB Finance
- IIB Homeloans
- Irish Nationwide Building Society
- Lombard and Ulster Banking
- MBNA Europe Bank
- National Credit Finance
- National Irish Bank
- Open + Direct
- Permanent TSB
- Permanent TSB Finance
- POS Finance
- Premier Bank
- Tesco Personal Finance
- Ulster Bank
- Ulster Bank Credit Cards
- Western Finance
V:: about ICB :: What is the ICB?
The Irish Credit Bureau is the biggest credit-referencing agency in Ireland . It is owned and financed by 42 financial institutions. It was formed in 1965 to:
How does the ICB use my private information?
When you enter a credit agreement with a bank, building society or finance company, a condition of such agreements _ normally buried in the small print and often on the loan application form _ is that you agree the financial institution may use the data supplied for the purpose of credit checking.
As a result, details of how you comply with the terms of each of your credit agreements are put onto the ICB's database, which all 42 member institutions can access. From then on, every time you apply for credit from a member, that institution searches the Bureau's records to check on your repayment record for previous credit agreements with other Bureau members.
ICB records information on your:
A sample record can be found at www.dataprivacy.ie/2bi.htm
For how long is my private information recorded?
A person's credit information is kept on the ICB database for the duration of the loan/mortgage etc and for five years thereafter.
Blacklisted Name states: ICB is not an independent state run facility, No judicial governess is provided for and private bankers become judge and jury where they simply deem fit, denying anyone a fair and transparent process and legal judicial governess. The time penalty alone of five years should be deemed unconstitutional as no credit building alternative was ever in place for a person to rebuild their credit worthiness ,which could simply have arisen through no fault of their own.
Is this legal?
Ireland 's Data Protection Commissioner deems the practises of the ICB to be legal and in accordance with the Data Protection Act 1988 and 2003, which is designed to protect your privacy rights. Blacklistedname.com believes the practises contravene a person's constitutional rights and hope to prove them illegal.
Blacklisted Name states: The Data Protection Commissioner is not a court of law but an independent body which tasked with overseeing the misuse of data protected information. The Data Protection Commissioner is wrong when he deems any access to information placed upon a private Data Base, which can be accessed by other private companies. Also adding, that no judicial order might have been awarded for such use against a person. Again the ICB is not an independent state run facility, No judicial governess is provided for and private bankers become judge and jury where they simply deem fit, denying anyone a fair and transparent process and legal judicial governess.
Can I access my records on the ICB database?
If you wish to inspect your records, you must apply to the ICB for the right to do so. You must also pay € 6 for the privilege. This ‘right of access' is permitted under Section 4 of the Data Protection Acts, 1988 & 2003.
Blacklisted Name states: A private company which collects a person's data and then charges for this data when this data should be free to access. One such reason for a charge to access such data might be because the ICB is not a state run independent body, but privately owned and run. All held records should hold a judical recording so a person is not disallowed a fair and transparent process through law, anything else is a denial of a persons constitutional and judical right. If a person's name has ever been entered upon the ICB system without a judicial ruling, that person should then seek liable action against the ICB and participating bank for defamation and data protection breaches. Again the ICB is not an independent state run facility, has no judicial governess. What is provided for is where private bankers played judge and jury and were allowed to do so, bankrupting Ireland is the process. These same Bankers who bankrupted our country and fast tracked loans, simply deemed fit denying anyone a fair and transparent process and legal judicial governess.
These bankers alone while playing judge and jury have denied a person fair judicial process and to sum it up have defiled the judical vehicle which is accountable and governed by constitutional law.
You can download a private inquiry form at www.ifha.ie/index_files/page0006.htm or contact the Bureau directly at:
Irish Credit Bureau
Newstead, Clonskeagh Road
Dublin 14.
Tel: +353 (0) 1 260 0388
Only one search can be conducted per application. Another €6 is required for every subsequent search.
Blacklisted Name states: Again we see a greed approach, if a body such as the ICB was state run a person should have been able to access all financial data held in one access application. Why should a person have to continue to bare a fee to access data held about them, it is that persons data after all.
Are bad credit details kept on the ICB data base once they have been rectified?
Yes. Past bad credit details are not automatically removed from the ICB database, you must seek to have them removed. However, this can only be done if the bank/financial institution agree to do so; they are not required by law.
Blacklisted Name states: Again we see an action by the banks and financial institutions taking the role of judge and jury. If a person upset a banker or had a fair and transparent complaint against a bank or a banker, they could so easily find themselves placed upon this system as so many have, without a way of removing such data, this practice is simply draconian and unlawful. Ok there is the legal route but the higher percentage of the public neither have the knowledge or the funding to go about such a process. This data process such be deemed illegal and any past entries should be seen to be a breach of the Data Protection laws and seen as Defamation of a person's credibility. If no judical ruling or independent governess was afforded a person most definitely has an actionable case at a constitutional level.
Blacklisted Name states: Why was the government and other opposition parties allowing such activity? why did this process be allowed to continue as it is clearly unconstitutional. We would like to bring everyone together who may have had a situation as explained and take a class action against all parties who were involved and allowed this activity to continue and continue for so long. The people must now stand up to this cosy cartel of bankers who collected such data all for their own intentional missuse. The Government has serious questions to answer why this loop hole was never closed off allowing such activity to take place right under their noses, the opposition has questions to answer why they never challenged these actions, its not as though they were never asked.
In 1999, the Irish Credit Bureau received 800-900 requests a month for access to credit records. This has only increased in the past five years.
Blacklisted Name states: The increase in credit access records as found, was to facilitate a sub-prime lending product which could then be introduced into the market place, crippling young and old a provision for more banking greed to be established through higher interest rates of borrowing. This was simply put outrageous because if a person struggle to pay a loan amount back at a low interest rate how were they expected to pay a loan back at a higher interest rate, it just didn't make sense at all.
Has incorrect information ever been held on the ICB data base?
Yes. Records on the ICB data base have been, and continue to be, found to be inaccurate. However, a person can only discover this is the case by applying to view their record and paying €6.
Blacklisted Name states: As a person will see the ICB also admitted that Records on the ICB have been and continue to be, found to be inaccurate. Again firstly it should be pointed out that the ICB is not a state run independent body so here is where it is for the first time explained or rather admitted that the problems arise. As said a person can only discover such an inaccuracy by paying a fee of discovery (non refundable for such an inaccuracy) for their own information. Here it is once again admitted that such an inaccuracy would not have happened if such a system held an accountable independent regulatory state run facility. Here it is once again admitted that no judicial governess to instruct such a ruling is ever entertained, denying a person their constitutional and data protection rights. Here it is admitted that the ones who know the law i.e. solicitors challenge this system quite effectively and show the flaws as outlined here, however for the ordinary person this is tasked with many obstacles which should not be the case.
Under the Data Protection Act 1988 & 2003 you can demand that it be put right, either by changing any inaccurate details on the record or by adding a note that puts the information in a proper context.
Blacklisted Name states: A person should not have to be placed in a stressful predicament and made to enter a process to try and have such inaccurate details amended, if there was a proper judical process adhered to in the first instance, such inaccuracies could not take place. Such inaccuracies through a person's legal constitutional and Data Protections rights are a breach of that person's rights and legally actionable at law.
The ICB receives up to 900 access requests a month.
Blacklisted Name states:900 access requests a month in 1999 equates to 10,800 access requests per year, are this figures exactly correct? 10,800 access request is a serious amount of requests. It should be considered that this amount of traffic would definitively require and independent authority for collecting such data amounts and simply not left up to a privately run banking cosy cartel.
The Irish Credit Bureau is the biggest credit-referencing agency in Ireland . It is owned and financed by 42 financial institutions. It was formed in 1965 to:
- assist lowering cost of credit
- enable faster decision making in the provision of credit
- aid in the avoidance of over-indebtedness of its members' customers
How does the ICB use my private information?
When you enter a credit agreement with a bank, building society or finance company, a condition of such agreements _ normally buried in the small print and often on the loan application form _ is that you agree the financial institution may use the data supplied for the purpose of credit checking.
As a result, details of how you comply with the terms of each of your credit agreements are put onto the ICB's database, which all 42 member institutions can access. From then on, every time you apply for credit from a member, that institution searches the Bureau's records to check on your repayment record for previous credit agreements with other Bureau members.
ICB records information on your:
- mortgage
- loans (personal and car)
- leasing and hire purchase agreements
- credit card history and on-going payments; this is monitored monthly with a 30-day grace period before negative info is recorded.
A sample record can be found at www.dataprivacy.ie/2bi.htm
For how long is my private information recorded?
A person's credit information is kept on the ICB database for the duration of the loan/mortgage etc and for five years thereafter.
Blacklisted Name states: ICB is not an independent state run facility, No judicial governess is provided for and private bankers become judge and jury where they simply deem fit, denying anyone a fair and transparent process and legal judicial governess. The time penalty alone of five years should be deemed unconstitutional as no credit building alternative was ever in place for a person to rebuild their credit worthiness ,which could simply have arisen through no fault of their own.
Is this legal?
Ireland 's Data Protection Commissioner deems the practises of the ICB to be legal and in accordance with the Data Protection Act 1988 and 2003, which is designed to protect your privacy rights. Blacklistedname.com believes the practises contravene a person's constitutional rights and hope to prove them illegal.
Blacklisted Name states: The Data Protection Commissioner is not a court of law but an independent body which tasked with overseeing the misuse of data protected information. The Data Protection Commissioner is wrong when he deems any access to information placed upon a private Data Base, which can be accessed by other private companies. Also adding, that no judicial order might have been awarded for such use against a person. Again the ICB is not an independent state run facility, No judicial governess is provided for and private bankers become judge and jury where they simply deem fit, denying anyone a fair and transparent process and legal judicial governess.
Can I access my records on the ICB database?
If you wish to inspect your records, you must apply to the ICB for the right to do so. You must also pay € 6 for the privilege. This ‘right of access' is permitted under Section 4 of the Data Protection Acts, 1988 & 2003.
Blacklisted Name states: A private company which collects a person's data and then charges for this data when this data should be free to access. One such reason for a charge to access such data might be because the ICB is not a state run independent body, but privately owned and run. All held records should hold a judical recording so a person is not disallowed a fair and transparent process through law, anything else is a denial of a persons constitutional and judical right. If a person's name has ever been entered upon the ICB system without a judicial ruling, that person should then seek liable action against the ICB and participating bank for defamation and data protection breaches. Again the ICB is not an independent state run facility, has no judicial governess. What is provided for is where private bankers played judge and jury and were allowed to do so, bankrupting Ireland is the process. These same Bankers who bankrupted our country and fast tracked loans, simply deemed fit denying anyone a fair and transparent process and legal judicial governess.
These bankers alone while playing judge and jury have denied a person fair judicial process and to sum it up have defiled the judical vehicle which is accountable and governed by constitutional law.
You can download a private inquiry form at www.ifha.ie/index_files/page0006.htm or contact the Bureau directly at:
Irish Credit Bureau
Newstead, Clonskeagh Road
Dublin 14.
Tel: +353 (0) 1 260 0388
Only one search can be conducted per application. Another €6 is required for every subsequent search.
Blacklisted Name states: Again we see a greed approach, if a body such as the ICB was state run a person should have been able to access all financial data held in one access application. Why should a person have to continue to bare a fee to access data held about them, it is that persons data after all.
Are bad credit details kept on the ICB data base once they have been rectified?
Yes. Past bad credit details are not automatically removed from the ICB database, you must seek to have them removed. However, this can only be done if the bank/financial institution agree to do so; they are not required by law.
Blacklisted Name states: Again we see an action by the banks and financial institutions taking the role of judge and jury. If a person upset a banker or had a fair and transparent complaint against a bank or a banker, they could so easily find themselves placed upon this system as so many have, without a way of removing such data, this practice is simply draconian and unlawful. Ok there is the legal route but the higher percentage of the public neither have the knowledge or the funding to go about such a process. This data process such be deemed illegal and any past entries should be seen to be a breach of the Data Protection laws and seen as Defamation of a person's credibility. If no judical ruling or independent governess was afforded a person most definitely has an actionable case at a constitutional level.
Blacklisted Name states: Why was the government and other opposition parties allowing such activity? why did this process be allowed to continue as it is clearly unconstitutional. We would like to bring everyone together who may have had a situation as explained and take a class action against all parties who were involved and allowed this activity to continue and continue for so long. The people must now stand up to this cosy cartel of bankers who collected such data all for their own intentional missuse. The Government has serious questions to answer why this loop hole was never closed off allowing such activity to take place right under their noses, the opposition has questions to answer why they never challenged these actions, its not as though they were never asked.
In 1999, the Irish Credit Bureau received 800-900 requests a month for access to credit records. This has only increased in the past five years.
Blacklisted Name states: The increase in credit access records as found, was to facilitate a sub-prime lending product which could then be introduced into the market place, crippling young and old a provision for more banking greed to be established through higher interest rates of borrowing. This was simply put outrageous because if a person struggle to pay a loan amount back at a low interest rate how were they expected to pay a loan back at a higher interest rate, it just didn't make sense at all.
Has incorrect information ever been held on the ICB data base?
Yes. Records on the ICB data base have been, and continue to be, found to be inaccurate. However, a person can only discover this is the case by applying to view their record and paying €6.
Blacklisted Name states: As a person will see the ICB also admitted that Records on the ICB have been and continue to be, found to be inaccurate. Again firstly it should be pointed out that the ICB is not a state run independent body so here is where it is for the first time explained or rather admitted that the problems arise. As said a person can only discover such an inaccuracy by paying a fee of discovery (non refundable for such an inaccuracy) for their own information. Here it is once again admitted that such an inaccuracy would not have happened if such a system held an accountable independent regulatory state run facility. Here it is once again admitted that no judicial governess to instruct such a ruling is ever entertained, denying a person their constitutional and data protection rights. Here it is admitted that the ones who know the law i.e. solicitors challenge this system quite effectively and show the flaws as outlined here, however for the ordinary person this is tasked with many obstacles which should not be the case.
Under the Data Protection Act 1988 & 2003 you can demand that it be put right, either by changing any inaccurate details on the record or by adding a note that puts the information in a proper context.
Blacklisted Name states: A person should not have to be placed in a stressful predicament and made to enter a process to try and have such inaccurate details amended, if there was a proper judical process adhered to in the first instance, such inaccuracies could not take place. Such inaccuracies through a person's legal constitutional and Data Protections rights are a breach of that person's rights and legally actionable at law.
The ICB receives up to 900 access requests a month.
Blacklisted Name states:900 access requests a month in 1999 equates to 10,800 access requests per year, are this figures exactly correct? 10,800 access request is a serious amount of requests. It should be considered that this amount of traffic would definitively require and independent authority for collecting such data amounts and simply not left up to a privately run banking cosy cartel.
Telegraph journalist puts out Goebbels propaganda piece on Great Depression 2, hiding role of banks
The Telegraph -- flagship of the Globalist's media empire -- is spearheading a Goebbels propaganda drive to conceal the unprecedented looting of European taxpayers of a trillion euros, which will cause another Great Depression.
In a report called "City fears of 'Great Depression Mark II", Edmund Conway, the Telegraph's economics editor, says that the 1 trillion euro package that the EU and IMF have just agreed to give banks, including Goldman Sachs and Deutsche Bank, for their paper debts "does little and political panic tells you we are about to reach the end of the road."
1 trillion euros is is a significant share of the entire income tax revenue of all the governments in the European Union. This gigantic sum could be used to create modern, high tech industries, invest in the new, cost effective generation of solar power and other sources of free energy. There is no reason for us to be facing the second Great Depression.
The only reason why we are facing the "end of the road" is because the 1 trillion is being taken from the taxpayers and being handed over to the banks with taxpayers getting absolutely nothing in return in the form of investments in industry.
To drain away this gigantic amount of capital to pay interest on bank's paper debts and paper property losses is bound to cause an economic collapse of the eurozone and send unemployment soaring.
If Conway has even basic knowledge of economics, he must understand that removing so much liquidity from the market is bound to cause a depression because there is simply not enough money left to buy goods or services. But he pretends not to know this simple economic fact. He pretends not to comprehend that the cause of any Great Depression is the package of one trillion euros gifted to the banks.
The bankers are preparing to send the stock markets into a dizzying fall to annihilate yet more of people's pensions and savings, and they are using the economic depression they have caused as a pretext to send the stock markets lower.
As in the swine flu scam, the mainstream media is playing a key role in deceiving people about the real causes of this Great Depression 2 and the stock market crash.
Thanks to the fractional reserve banking system, a small clique of banks find it most profitable to create money out of thin air, get their pals in government to collect money from taxpayers to pay interest on their worthless debts under the pretext of a "euro" or "dollar" crisis, and then use that same taxpayer money to buy up assets in a destroyed economy.
They can only get away with this looting because they control the mainstream media so that people do not understand what is going on.
This is unprecedented looting and fraud and any investigaiton has to look at the role of the financial journalists in this crime.
----
This is Conways's Goebbels propaganda piece for the banks:
Markets on both sides of the Atlantic dipped to fresh lows as fears surrounding the fate of the euro project transmuted into worries about the wider global economic system.
Bill Gross of bond fund Pimco said that hedge funds were starting to liquidate their positions in a bid to preserve their capital – a worrying "mini relapse" towards 2008 territory.
Andrew Roberts, head of European rates strategy at RBS, said "Great Depression II" could now be approaching, adding: "It now has potential to speed toward its conclusion; a European $1trn package which does little and political panic tells you we are about to reach the end of the road. The world should be discussing deflation, not inflation."
The global stock market sell-off continued for a third day on Friday in Europe and Asia and world equities are heading for the biggest monthly fall since October 2008.
London's FTSE 100 dropped 2pc to trade below 5,000 for the first time since last October. Germany's DAX lost 2.4pc, France CAC 40 2.2pc and Japan's Nikkei 2.5pc. Wall Street opened lower.
Yesterday, the FTSE 100 flirted briefly with the 5,000 mark, eventually finishing down 84.95, or 1.7pc, at 5073.13, while the CAC was 2.3pc lower and the Dax dropped 2pc. The S&P 500 and the Dow Jones index both suffered their sharpest one-day falls in more than a year. The S&P fell 3.9pc to 1071.59, while the Dow closed 3.6pc lower at 10,068.01.
The falls in share prices coincided with increases in the price of government bonds in Germany, the US and much of the developed world as investors sought a safe haven. German 10-year bund yields consequently hit a record low, while in the UK gilt yields dropped to the lowest level since early last December.
Although the rush to safety stems originally from the euro's difficulties this week and German efforts to ban short-selling on its banks, fears that the episode may evolve into a deeper economic crisis were bolstered by fresh data. The European Commission produced "flash" data showing consumer confidence falling from a 23-month high of -15 in April to a seven-month low of -17.5 in May. Howard Archer, of INS Global Insight, said: "This is clear evidence that the deepening and spreading eurozone debt crisis... is now weighing down appreciably on consumer confidence. This is a very worrying – if hardly surprising – development."
In the US there was a surprise 25,000 increase in jobless claims to 471,000 in the week ending May 15. The deterioration in the employment picture, coming hard on the heels of Wednesday's drop in inflation, underlined worries that the US is exposed to a possible global double-dip recession.
Mr Gross said investors were now being frightened off by worldwide "fiscal tightening momentum", adding that markets were facing "a mini-relapse of a flight to liquidity as hedge funds and other leveraged positions are liquidated to preserve capital".
One worry is that European leaders are not sufficiently behind the $1 trillion bail-out fund they announced, in collaboration with the International Monetary Fund, last week. A second fear is that other indebted countries could soon be exposed.
One rumour abounding on Thursday was that a major rating agency will soon have to downgrade Japan's credit score, potentially bringing the world's second-biggest economy into the spotlight.
The euro jumped to a one-week high against the dollar of more than $1.26 in early trading on speculation that European Union finance ministers meeting today will discuss some measures to counter the region's spreading debt crisis.
Earlier in the week the single currency has tumbled to a fresh four-year low around $1.21 after Germany's unilateral imposition of ban on shorting of government debt and the shares of ten major financial institutions.
In a report called "City fears of 'Great Depression Mark II", Edmund Conway, the Telegraph's economics editor, says that the 1 trillion euro package that the EU and IMF have just agreed to give banks, including Goldman Sachs and Deutsche Bank, for their paper debts "does little and political panic tells you we are about to reach the end of the road."
1 trillion euros is is a significant share of the entire income tax revenue of all the governments in the European Union. This gigantic sum could be used to create modern, high tech industries, invest in the new, cost effective generation of solar power and other sources of free energy. There is no reason for us to be facing the second Great Depression.
The only reason why we are facing the "end of the road" is because the 1 trillion is being taken from the taxpayers and being handed over to the banks with taxpayers getting absolutely nothing in return in the form of investments in industry.
To drain away this gigantic amount of capital to pay interest on bank's paper debts and paper property losses is bound to cause an economic collapse of the eurozone and send unemployment soaring.
If Conway has even basic knowledge of economics, he must understand that removing so much liquidity from the market is bound to cause a depression because there is simply not enough money left to buy goods or services. But he pretends not to know this simple economic fact. He pretends not to comprehend that the cause of any Great Depression is the package of one trillion euros gifted to the banks.
The bankers are preparing to send the stock markets into a dizzying fall to annihilate yet more of people's pensions and savings, and they are using the economic depression they have caused as a pretext to send the stock markets lower.
As in the swine flu scam, the mainstream media is playing a key role in deceiving people about the real causes of this Great Depression 2 and the stock market crash.
Thanks to the fractional reserve banking system, a small clique of banks find it most profitable to create money out of thin air, get their pals in government to collect money from taxpayers to pay interest on their worthless debts under the pretext of a "euro" or "dollar" crisis, and then use that same taxpayer money to buy up assets in a destroyed economy.
They can only get away with this looting because they control the mainstream media so that people do not understand what is going on.
This is unprecedented looting and fraud and any investigaiton has to look at the role of the financial journalists in this crime.
----
This is Conways's Goebbels propaganda piece for the banks:
Markets on both sides of the Atlantic dipped to fresh lows as fears surrounding the fate of the euro project transmuted into worries about the wider global economic system.
Bill Gross of bond fund Pimco said that hedge funds were starting to liquidate their positions in a bid to preserve their capital – a worrying "mini relapse" towards 2008 territory.
Andrew Roberts, head of European rates strategy at RBS, said "Great Depression II" could now be approaching, adding: "It now has potential to speed toward its conclusion; a European $1trn package which does little and political panic tells you we are about to reach the end of the road. The world should be discussing deflation, not inflation."
The global stock market sell-off continued for a third day on Friday in Europe and Asia and world equities are heading for the biggest monthly fall since October 2008.
London's FTSE 100 dropped 2pc to trade below 5,000 for the first time since last October. Germany's DAX lost 2.4pc, France CAC 40 2.2pc and Japan's Nikkei 2.5pc. Wall Street opened lower.
Yesterday, the FTSE 100 flirted briefly with the 5,000 mark, eventually finishing down 84.95, or 1.7pc, at 5073.13, while the CAC was 2.3pc lower and the Dax dropped 2pc. The S&P 500 and the Dow Jones index both suffered their sharpest one-day falls in more than a year. The S&P fell 3.9pc to 1071.59, while the Dow closed 3.6pc lower at 10,068.01.
The falls in share prices coincided with increases in the price of government bonds in Germany, the US and much of the developed world as investors sought a safe haven. German 10-year bund yields consequently hit a record low, while in the UK gilt yields dropped to the lowest level since early last December.
Although the rush to safety stems originally from the euro's difficulties this week and German efforts to ban short-selling on its banks, fears that the episode may evolve into a deeper economic crisis were bolstered by fresh data. The European Commission produced "flash" data showing consumer confidence falling from a 23-month high of -15 in April to a seven-month low of -17.5 in May. Howard Archer, of INS Global Insight, said: "This is clear evidence that the deepening and spreading eurozone debt crisis... is now weighing down appreciably on consumer confidence. This is a very worrying – if hardly surprising – development."
In the US there was a surprise 25,000 increase in jobless claims to 471,000 in the week ending May 15. The deterioration in the employment picture, coming hard on the heels of Wednesday's drop in inflation, underlined worries that the US is exposed to a possible global double-dip recession.
Mr Gross said investors were now being frightened off by worldwide "fiscal tightening momentum", adding that markets were facing "a mini-relapse of a flight to liquidity as hedge funds and other leveraged positions are liquidated to preserve capital".
One worry is that European leaders are not sufficiently behind the $1 trillion bail-out fund they announced, in collaboration with the International Monetary Fund, last week. A second fear is that other indebted countries could soon be exposed.
One rumour abounding on Thursday was that a major rating agency will soon have to downgrade Japan's credit score, potentially bringing the world's second-biggest economy into the spotlight.
The euro jumped to a one-week high against the dollar of more than $1.26 in early trading on speculation that European Union finance ministers meeting today will discuss some measures to counter the region's spreading debt crisis.
Earlier in the week the single currency has tumbled to a fresh four-year low around $1.21 after Germany's unilateral imposition of ban on shorting of government debt and the shares of ten major financial institutions.
