消费信贷信息系统一个关键文献之回顾,支付太少外文翻译.doc

消费信贷信息系统：一个关键文献之回顾,支付太少外文翻译 Consumer credit information systems: a critical review of the literature. Too little attention paid by Lawyers? Federico Ferretti Abstract: This paper reviews the existing literature on consumer credit reporting, the most extensively used instrument to overcome information asymmetry and adverse selection problems in credit markets. Despite the copious literature in economics and some research in regulatory policy, the legal community has paid almost no attention to the legal framework of consumer credit information systems, specially within the context of the European Union. Studies on the topic, however, seem particularly relevant in view of the establishment of a single market for consumer credit. This article ultimately calls for further legal research to address consumer protection concerns and inform future legislation. Keywords: Consumer credit reporting, Review of the literature Legal framework Introduction This work explores consumer credit information systems as a tool used by lenders to manage credit risk Such devices have become the most extensively used instrument to underwrite decisions on borrowings or the supply of goods and/or services to customers. Lenders, in fact, access credit reference databases managed by third party providers the so-called ‘Credit Reference Agencies’ in order to evaluate a consumer’s credit application and his or her creditworthiness. Nowadays, there is hardly a country that does not have a credit information sharing system in place, whilst international organisations such as the World Bank are working to implement at least one in those few emerging economies that still do not have one. Such systems have integrated themselves thoroughly in the credit granting practices of Western economies, at times differing from country to country only for some minor aspect. Significantly, consumer credit reporting is not mandated by law and the und