Regulatory Alerts2022-11-07 | Circular 13/2022Added · Updated
Circular 13/2022 — Modifications to Circular 27/2008 (Authorization via Credit Offer Platforms)
The Bank of Mexico amends the General Rules for Credit Information Societies to allow clients to grant a single, reusable authorization for credit report inquiries through digital platforms managed by the central bank. This modification permits financial intermediaries participating in these platforms to access client credit histories once per selected offer, provided the authorization is obtained verbally, electronically, or via digital fingerprint. The rule also mandates that societies reject requests lacking proper authorization and requires participants to retain individual records of such authorizations.
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