If you've ever made a late payment on a loan or credit card, your bank could soon be forced to tell other lenders, and you could face higher interest rates.
Court ruling against banks could also hit utilities.
Sign up to Money Newsletter
Welcome to Money!
You'll now receive new articles and insights that will help you earn more, save more and make the most of your investments.
You can expect to hear from us every week.
In the meantime, stay up to date by following Money on social media.
Important
To ensure you receive emails from us, we recommend that you add our email address (@moneymag.com.au) to your contacts or safe senders list.
If you don't receive our newsletters, please check your "Junk" folders. Your email provider should give you an option to add the email to your safe list.