ao link
Credit Strategy homepage
Intelligence, insight and community
for credit professionals

Dear visitor,
You're reading 1 of your 3 free news articles this quarter

 

Register with us for free to get unlimited news, dedicated newsletters, and access to 5 exclusive Premium articles designed to help you stay in the know.

 

Join the UK's leading credit and lending community in less than 60 seconds.



Register now  or  Login

Multimillion pound fines proposed for nuisance calls

The government is considering tougher penalties for nuisance calls and texts, which would see firms fined up to £17m or up to four percent of its revenue.

Share on LinkedInShare on Twitter

The government has launched a consultation on the proposed changes to the UK’s data landscape.

 

The consultation sets out plans to impose tougher penalties and fines for nuisance calls and text messages. These sanctions would be overseen by the Information Commissioner’s Office (ICO).

 

Currently, companies behind nuisance communications can be fined £500,000 by the ICO but ministers are considering bringing the punishment in line with General Data Protection Regulation (GDPR), which can issue a fine of up to £17.5m or four percent of global turnover.

 

These reforms aim to “move away from a one-size-fits-all approach”, according to the Department for Digital, Culture, Media and Sport.

 

Digital secretary, Oliver Dowden, said: “Data is one of the most important resources in the world and we want our laws to be based on common sense, not box-ticking. Now that we have left the EU, we have the freedom to create a new world-leading data regime that unleashes the power of data across the economy and society.

 

“These reforms will keep people’s data safe and secure, while ushering in a new golden age of growth and innovation right across the UK, as we build back better from the pandemic.”

Stay up-to-date with the latest articles from the Credit Strategy team

Credit Strategy

Member of

Get the latest industry news 

creditstrategy.co.uk – an online news and information service for the UK’s commercial and consumer credit industry. creditstrategy.co.uk is published by Shard Financial Media Limited, registered in England & Wales as 5481132, 1-2 Paris Garden, London, SE1 8ND. All rights reserved. Credit Strategy is committed to diversity in the workplace. @ Copyright Shard Media Group

We use cookies so we can provide you with the best online experience. By continuing to browse this site you are agreeing to our use of cookies. Click on the banner to find out more.
Cookie Settings