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May, 2010

Credit card companies will share more information about their customers with the Irish Credit Bureau in future, increasing the risk of damaging their credit records, according to The Sunday Times.

Currently, some companies such as MBNA disclose all their payments to the bureau while others report only when a customer fails to meet even a minimum payment.

The change has been impelled by a new EU directive on consumer credit, which is expected to become law in Ireland next month.

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