Distinctions and development prospects of the service market of the credit bureau in russian federation

The subject of the study is to determine the specific features of functioning of the credit bureau service market in Russian Federation under a high level of commercial banking risks. Thus, the objective of this work is to justifying a need of current legislature amendments governing credit history bureau business allowing growing consumer credit volumes while lowering individuals' debt burden, boosting efficiency and accessibility of credit history bureau services. For attempting these targets, the authors provide an analysis of Russian and international credit history bureau business, statistics for a current commercial banks credit portfolio in Russia and Germany. The main weaknesses of Russian credit history bureaus are found and main ways of improvement of that system are shown as a result of our research.