In order to continue with the legislative analysis that seeks to create mechanisms to ensure the protection of financial data of salvadorans.

During the Financial Commission, president Dania González, asked a series of questions to the representatives of the credit bureaus, among them, what deficiencies do you find in the current system of credit history management?

"We have been in El Salvador for 25 years and we have not found, at the moment, any deficiency in the administration of information, rather what we find are opportunities, information is vital, there are international studies where it is shown that the lack of information is the main cause of financial exclusion", said Alejandro Flores, president of EQUIFAX.

The representative of INFORED, Jaime Roberto Domínguez, reiterated that this entity provides compliance with the normal and if the assembly puts conditions to facilitate the services this institution is in the disposition to apply them.

"For INFORED, our concept is compliance with the norm, if the assembly sets new conditions to facilitate the services, INFORED is willing to apply them", said Jaime Roberto Domínguez, representative of INFORED.

In addition, during the session, the deputies questioned the work of the different credit bureaus and how this affects salvadorans who try to access credit, because the agencies do not update the data and history efficiently.

One of the topics discussed by the Financial Commission was the level of customer information on their credit history that these agencies have access to, to which the representative of INFORED, Jaime Domínguez, stated that the agencies do not commercialize such information, but operate within the framework established in the “Ley de Regulación de los servicios de Información sobre el Historial de Crédito de las Personas”.

The deputies also questioned the sources of financing of the bureaus, so they asked questions regarding the cost they charge to the economic agents for each credit history they provide on individuals or the charges they make to the users individually when they are consulted.

"It's free. You enter the portal and subscribe. The law gives you three annual and free certifications as many times as you want", responded the president of EQUIFAX.

They affirmed that the personal consultations made by users "are free", with the exception of a 360 report that costs US$5.99 in the case of Equifax.

The deputy and president of the Financial Commission, Dania González said that they will ask the Superintendencia del Sistema Financiero (SSF) for a 360 audit, to contrast with the information that we will have in the minutes of this commission, because there are many answers that were not clear from the representatives of the credit bureaus with respect to the questions that the commission asked the representatives.