|Show All||Show Bank FAQ's Only||Show Currency FAQ's Only||Show Credit Bureau FAQ's Only|
|Q||What is a credit bureau?|
|Q||Where do credit bureaus obtain their information?|
|Q||What type of information do credit bureaus collect?|
|Q||What is a credit report?|
|Q||Who can request a report from a credit bureau?|
|Q||How can information provided by the credit bureau be used?|
|Q||What is meant by ‘credit history’?|
|Q||What is a ‘credit score’?|
|Q||Can a consumer obtain a copy of his/her credit report from a credit bureau?|
|Q||What is a consumer entitled to know regarding his or her credit report or personal file at a credit bureau?|
|Q||How much does it cost to obtain a copy of my credit report?|
|Q||Can I find out who has requested my credit report?|
|Q||Will a consumer know if an institution requests information on his/her credit history from a credit bureau?|
|Q||To whom may complaints be directed if a consumer has a complaint regarding a credit report? What can I do if I have a complaint/there is an error in my consumer report?|
|Q||How long does it take for action to be taken once a complaint is filed?|
|Q||How is corrected information passed on by a credit bureau to creditors?|
|Q||How does information from a credit bureau benefit the average consumer?|
©2010 The Bank of Jamaica. All rights reserved
The Bank of Jamaica, established by the Bank of Jamaica Law (1960), began operations in May 1961, terminating the Currency Board System which had been in existence from 1939.
The Central Bank stands at the center of the local financial system and is charged with the responsibility to promote and maintain financial system stability. To achieve this objective, the Bank supervises the activities of deposit-taking entities. In addition, the Bank seeks to promote the development of the local financial markets, and regulates and supports the major clearing and settlement systems.
Under the Bank of Jamaica Act (1960), the conduct of monetary policy is aimed at regulating the growth of money and credit in line with the resources expected to finance economic activity and generate employment, without undermining the conditions of price stability.
The Foreign Exchange section provides current and historical information on the movements of major currencies in relation to the Jamaican dollar. The section also provides powerful search techniques for users to manipulate the data and generate customize reports.
The Bank of Jamaica publishes in the daily newspaper each quarter, balance sheet data for commercial banks, building societies and licensees under the Financial Institutions Act . Such financial data is based on unaudited prudential returns submitted by the licensees to the Bank of Jamaica which are required to be certified by the licensee 's management as reflecting a true and fair representation of the affairs and condition of the institution at the reporting date.
The Bank of Jamaica is committed to providing information on its activities on a timely and continuous basis. In this regard, this section is designed to provide access to all major releases compiled by the Bank of Jamaica.
The Bank of Jamaica publications are aimed at providing quality economic and financial analysis and information on Jamaica as well as timely updates on matters relating directly to the functions of the Bank.