Credit licensees may be roped into expanded breach reporting rules for financial services firms, to more clearly account for misconduct.Treasury will release a consultation paper on a proposed public breach reporting regime today, Fairfax Media reports.Banks, and credit providers may be subject to a "public naming and shaming" regime published on an annual basis by ASIC.Kelly O'Dwyer, minister for financial services, told Fairfax Media the proposals "broaden and strengthen the obligations on licensees to make timely reports to ASIC about misconduct or suspected misconduct that they become aware of."Obligations to report on banks may be defined to expressly include misconduct by individual advisers and employees, and within as soon as ten days.The industry will have until September to consult with a government taskforce.