CPB signs MOU to protect children’s rights through financial responsibility
Consumer Profile Bureau (CPB) is proud to announce the signing of a historic Memorandum of Understanding (MOU) with the Department of Justice and Constitutional Development (DOJ) to launch the Maintenance Online Listing of Defaulters (MOLD) Project.
This initiative underscores a powerful commitment to children’s rights, addressing the longstanding issue of unpaid maintenance and enabling a more responsible credit system in South Africa.
Marina Short, CEO of CPB, described this partnership as a pivotal step toward ensuring that maintenance obligations are respected. “As a South African credit bureau, CPB is dedicated to helping build a society where financial responsibility is upheld, especially in matters concerning our children,” said Short.
“The Maintenance Order Listing Project will allow financial institutions to incorporate maintenance obligations into credit assessments, which promotes a fairer financial environment where children’s needs come first.”
Through this MOU, CPB will act as the dedicated Maintenance Credit Bureau, hosting a secure database of maintenance defaulters. This database will serve as an accessible and reliable source for credit providers, ensuring that maintenance obligations are verified before any credit is granted.
“This collaboration will drive societal change,” said Short. “It is not only about data sharing; it is about embedding financial accountability into every aspect of our society, which ultimately safeguards children and families.”
The Minister of Justice and Constitutional Development highlighted the importance of this project, emphasizing that implementation should proceed swiftly: “This is about the fundamental rights of children and ensuring their best interests are prioritized. We urge all partners to expedite this process, aiming for full functionality before the Christmas season,” stated the Minister.
This MOU, created in partnership with the DOJ, CPB, and the Social Justice Foundation (SJF), establishes a comprehensive system that combines modern technology with a commitment to child welfare.
The DOJ will oversee the establishment of a central repository for maintenance enforcement orders, which CPB will then make available to credit bureaus and credit providers.
The inclusion of the SJF’s Co-Parent App will provide an additional layer of verification, ensuring compliance with both the National Credit Act and the Protection of Personal Information Act.
Credit providers will now be obligated to consider maintenance obligations through CPB’s maintenance defaulter data before extending credit, helping to prevent overextension of financial resources. “The path we are paving today marks a brighter, more just future for children across South Africa,” concluded Short.
Through this partnership, CPB, the DOJ, and SJF are uniting public and private sector resources to drive sustainable, child-centered progress for families across the country.
Consumer Profile Bureau (CPB) is a 100% South African Credit Bureau. They hold a level 1 BBBEE status with 85% black ownership. They celebrated their 43rd birthday this year and was one of the first Credit Bureaus to register under the NCA when it came into effect in 2006. As a South African Bureau, they understand the challenges of South Africa and they build solutions to solve these.
Click here to learn more about the Consumer Profile Bureau.
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