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landmarks
This
page highlights landmarks in the history of consumer credit
reporting in Australia, the UK, US and elsewhere.
It covers -
Context
is provided by the multi-page communications, business
& media timeline and info
broking note elsewhere on this site.
beginnings
1801 Society of Mutual Communication for the Protection
of Trade in UK
1841 Lewis Tappan establishes Mercantile Agency in New
York
1848 John Beardsley sues Mercantile Agency for slander
in landmark credit reference litigation lasting 23 years
1851 John Bradstreet promotes use of credit ratings through
first book of commercial ratings
1888 Credit Clearing House in US
1896 National Association of Credit Men (NACM), later
National Association of Credit Managers
1899 Retail Credit Company established
1906 precursor of US Consumer Data Industry Association
founded
1913 Retail Credit Company becomes Equifax
1949 Credit Research Foundation
industrialisation
1961 Australian Institute of Mercantile Agents established
1967 Credit Reference Association of NSW established
1969 TransUnion acquires Credit Bureau of Cook County
(CBCC)
1971 US Fair Credit Reporting Act
1989 Associated
Credit Bureaus (ACB) renamed Consumers Credit Associates
(CCA)
1991 Insurance Reference Services established
1991 Dun &
Bradstreet sells Donnelley Marketing (85-million household
consumer info database)
1993 New Zealand Privacy Act
1994 Associated Credit Bureaux New Zealand established
1996 TRW sells remaining interest in Experian
1997 CCA renamed Innovis Data Solutions
1997 Equifax spins off ChoicePoint
1998 Baycorp establishes joint venture with identity certification
service 128i
2001 Baycorp acquire Australian loan management services
company Axcess Consulting
2001 Baycorp merges with Data Advantage as Baycorp Advantage
2001 begins to commercialise Insurance Reference Service
Ltd
expansion
2003 US federal Fair & Accurate Credit Transactions
Act
2004 Experian buys CheetahMail
2005 Acxiom acquires Digital Impact for US$140m
2005 Experian buys LowerMyBills.com for US$380m
2005 Experian acquires ClassesUSA.com, Vente and Harvest
Solutions
2005 Experian agrees to buy PriceGrabber.com for US$485m
2006 Experian buys marketing database company ClarityBlue
for US$151m
2006 Baycorp Advantage sells its debt collection business
(Baycorp Advantage Collections Services) and rights to
Baycorp name, to Trans-Tasman Collections
2006 Baycorp Advantage rebadged as Veda Advantage
2007 Experian pays US$240m for Hitwise
2007 Experian pays £600m for 70% of Brazilian rival Serasa
2007 Veda Advantage buys Australian Business Research
and National Tenancy Database from Collection House for
$32m
2007 Veda Advantage buys Atlantis Group's marketing list
division in New Zealand
2008 Reed Elsevier agrees to buy ChoicePoint for US$4.1bn
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