A&L Call For Data Sharing
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The Chief Executive of the Alliance & Leicester has called for more sharing of data on consumer debt levels. Speaking at the A&L's interim results yesterday, he said "We feel it is incumbent upon all banks to share full positive data and welcome the recent announcement from HSBC. The reference to HSBC, was in regard to comments by the bank that a customers broader level of indebtedness should be considered rather than defaults. Thus the banks would be able to paint themselves as responsible lenders by not letting borrowers take on more debt than they can handle.
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