Saeima adopts amendments to the Credit Information Bureau Law

The Saeima has adopted amendments to the Credit Information Bureau Law, which were published in the official edition No. 167 of Latvijas Vēstnesis on September 1, 2026. The amendments are included in the section of the publication on constitutional institutions, among the laws adopted by the Saeima.

The amendments to the law relate to the regulation of credit information circulation, which determines how credit information bureaus collect, process, and provide data on natural persons. This regulation directly affects the protection of borrowers’ data and how banks and other creditors assess the solvency of borrowers.

Content and Purpose of the Amendments

The amendments to the Credit Information Bureau Law were adopted as a separate law, published in the official edition with the reference OP 2026/167. They supplement the existing law regulating the operation of credit information bureaus and the circulation of data in their possession.

• The amendments affect the procedure for the circulation of credit information between bureaus, creditors, and data subjects.
• The regulation pertains to the protection of borrowers’ data and the assessment of borrowers in banks.
• The purpose of the law is to balance the creditors’ need for information with the rights of natural persons to data protection.

Publication and Entry into Force

The law was published in issue No. 167 of Latvijas Vēstnesis on September 1, 2026, which is the official publication of the Republic of Latvia. The official reference to the document is OP 2026/167.

• Issue No. 167 is dated September 1, 2026.
• The amendments are included as item 2 in the list of laws adopted by the Saeima.
• The official publication is available on the portal www.vestnesis.lv.

Significance for Borrowers and Creditors

The regulation of credit information bureau operations is essential for both borrowers and credit institutions, as it determines what data about a person is compiled and used in creditworthiness assessments. Amendments to this law may affect how banks evaluate borrowers and how borrowers’ data is protected.

This regulation is part of a broader financial sector regulatory environment that is constantly being improved in Latvia to ensure both financial stability and the protection of consumer rights. The adoption of the amendments demonstrates the legislator’s attention to issues regarding the circulation of credit information.

Official source: Latvijas Vēstnesis, September 1, 2026, No. 167, OP 2026/167 — “Amendments to the Credit Information Bureau Law” (Law, Saeima). Available at: www.vestnesis.lv.