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On July 13, 2026, the Australian Competition and Consumer Commission (ACCC) announced the commencement of new obligations requiring non-bank lenders to share product data through the Consumer Data Right (CDR). Non-bank lenders, including mortgage lenders, car finance providers, personal loan providers, and buy now, pay later providers, must now disclose information such as interest rates, fees, charges, and eligibility criteria through the CDR framework. The CDR is an economy-wide open banking reform that commenced in 2020 when major banks began sharing data. The scheme has since expanded across banking and energy sectors, and now extends to non-bank lending. The ACCC said the expansion gives consumers access to information about a broader range of financial products and will help them compare mortgages, car finance, personal loans, and other credit products more effectively. ACCC Commissioner Dr Ian Oppermann said the inclusion of non-bank lenders will give consumers a more complete picture of major household costs and enable them to consider whether switching lenders could provide better value. More than 1.3 million Australians currently use the CDR, representing a 135 percent increase over the previous year. At least 35 new data holders will enter the CDR as part of this expansion. Consumer data sharing for non-bank lenders will be phased in from November 9, 2026, depending on provider size. The CDR is an opt-in service giving consumers full visibility and control over who accesses their data and for what purpose. The ACCC and the Office of the Australian Information Commissioner jointly regulate the CDR and are responsible for ensuring participants comply with their obligations. The ACCC has identified data quality and compliance with implementation timeframes as compliance priorities and has previously taken enforcement action against non-compliant participants.