(1) The Financial Services Commission shall supervise credit information companies, etc. (including data agencies and excluding persons prescribed by Presidential Decree who are other than the following persons; hereafter in this Article and Article 45-2, the same shall apply) about whether a credit information company, etc. complies with this Act or orders under this Act: <Amended on Feb. 4, 2020>
1. Credit information companies and claims collection agencies;
2. MyData companies;
3. Credit information collection agencies;
4. A credit information provider or use who falls under any of the subparagraphs of Article 38 of the Act on the Establishment of Financial Services Commission;
5. A person who runs financial business or insurance business prescribed by Presidential Decree, other than those provided in subparagraph 4.
(2) The Financial Services Commission may, if deemed necessary for the supervision under paragraph (1), order a credit information company, etc. to report in relation to its business, financial standing, etc.
(3) The Governor of the Financial Supervisory Service may have the personnel of the Financial Supervisory Service inspect the business and financial standing of a credit information company, etc. under this Act.
(4) The Governor of the Financial Supervisory Service may, if deemed necessary for an inspection under paragraph (3), request a credit information company, etc. to submit data and have persons concerned attend meetings and state their opinions.
(5) A person who conducts an inspection under paragraph (3) shall carry identification verifying his or her authority to present it to relevant persons.
(6) The Governor of the Financial Supervisory Service shall report the findings of an inspection under paragraph (3) to the Financial Services Commission, as determined by the Financial Services Commission.
(7) If a credit information company, etc. is deemed likely to undermine the sound management of industries related to credit information and the rights and interests of a credit data subject by violating this Act (including the Fair Debt Collection Practices Act in cases of claims collection agencies; hereafter in this paragraph the same shall apply) or orders under this Act, the Financial Services Commission shall take measures set forth in any of the following subparagraphs or request the Governor of the Financial Supervisory Service to take any of the measures set forth in subparagraphs 1 through 3: <Amended on Apr. 18, 2017; Feb. 4, 2020>
1. Caution or warning to a credit information company, etc.;
2. Caution or warning to executive officers;
3. Request for disciplinary action, including caution, suspension from office, reduction in salary, and official reprimand, against employees;
4. Recommendation for dismissal of executive officers or suspension from office or demand for dismissal from office of employees;
5. Corrective order against violations;
6. Suspension of provision of credit information.
(8) The Financial Services Commission shall take management responsibility for preventing serious disruption of credit order, including divulgence of personal credit information. <Added on Feb. 4, 2020>