Consumer Data Right (CDR)

The Consumer Data Right (CDR) is a policy that gives consumers control over their personal data held by businesses, especially in sectors like banking and energy. It allows individuals to access, share, and manage their data securely, encouraging competition and innovation. For example, you can allow a trusted third-party to access your banking information to find the best loan or savings options. CDR aims to empower consumers with transparency, security, and choice over their data, fostering a more competitive and fair marketplace.