Characteristics of Japan Credit Information Reference Center Corp.
JICC has been progressing and diversifying as a credit information bureau that supports the sound development of the consumer credit industry, along with the creditworthiness of consumers, while maintaining the balance between the protection of privacy and the use of credit information.
As a result of the business merger in August 2009 with CCB Inc., a cross-industrial credit information bureau, JICC established its foundation as a credit information bureau that is the largest in Japan and the only one in the country to cover all industries.
Additionally, due to the designation in March 2010 by the Japanese Prime Minister as a designated credit information bureau pursuant to the Moneylending Control Act, JICC is now expected to make further progress as an important infrastructure of the consumer credit industry.
Administration and Industry
|1950s||・Installment sales system gains
・The original form of unsecured
conventional consumer financing
|1960s||・Credit cards are issued for the first
time in Japan.
・The Installment Sales Act is
promulgated. (July 1961)
・Credit information agencies emerge in
the sales credit sector.
・The Special Committee on Distribution
under the Industrial Rationalization
Council of the Ministry of
International Trade and Industry
proposes “The Need of Specialization
in Consumer Credit
Check” (June 1962)
⇒“While the goal is the establishment
of comprehensive research
organizations, the realistic approach
for the initial stage is to establish
organizations on a group-by-group
|•11 consumer financing companies in
Osaka establish Japan Consumer
Finance Association (JCFA).
|1970s||・Credit information agencies emerge in
the finance sector.
・The problem of multiple consumer
・Requests are made to protect privacy
relating to credit information.
|・A credit information agency for the
consumer finance sector is established
under JCFA. (August 1972)
・Lenders Exchange Federation in Japan
[current Federation of Credit Bureau
of Japan (FCBJ)] is established.
|1980s||・The Council of the OECD issues the
Governing the Protection of Privacy
and Transborder Flows of Personal
Data” comprising eight principles.
・The Moneylending Control Law is
promulgated. (May 1983)
・The Installment Sales Act is amended.
・Exchange of information among credit
information agencies is requested
in order to prevent multiple consumer
|・The Council of Three Information
Agencies (Tri-Party Council) is
established. (November 1983)
・33 information centers with FCBJ
membership establish Japan
Information Center. (Jun 1986)
・The Tri-Party commences operation
of its information exchange system
⇒ Only information on the changes
of status is exchanged. (March 1987)
|1990s||・The unemployment rate increases as
the impact of the collapse of the
bubble economy surfaces.
・The number of personal bankruptcy
filings exceeds 100,000.
・The multiple consumer loan problem
recurs, and a phenomenon referred
to as "card bankruptcy" occurs.
・Requests are made to the Tri-Party
Council to expand the range of
information exchange in order to
resolve further problems relating
to multiple consumer loans.
|・A unified system for the
standardization of registration
criteria used by the 33 information
centers with FCBJ membership,
JACIN, goes into operation.
・National database unification system
JACIN II goes into operation.
|2000s||・The Act on Protection of Personal
Information is legislated. (May 2003)
・The amended Money Lending Business
Act is legislated. (December 2006)
・The amended Installment Sales Act
is legislated. (June 2008)
⇒ The designated credit information
agency system is established by the
Money Lending Business Act and the
Installment Sales Act.
|・33 information centers with FCBJ
membership establish credit
information agency TERA-NET Corp.
to serve as a database for members
belonging to other business
・A new system, STARS, goes into
operation. (January 2003)
・Japan Information Center Corp. is
ISMS certified. (April 2004)
・FCBJ acquired certification as a
certified personal information
protection group. (October 2005)