Amid the country's economic turmoil, the Mexican government has issued rules that specify how credit bureaus should collect and disseminate consumer credit information.

Mexican banks, retailers, and foreign financial organizations with operations in Mexico had been waiting for the policy, which was issued in February. The nation's credit reporting system has been called woefully inadequate; now those companies can get on with updating it, probably with help from the most advanced U.S. companies in credit data bases.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.