The big banks will continue with their comprehensive credit reporting programs, even though the bill that would have required them to do so lapsed last week when the election was called.This is the confident prediction of the Australian Retail Credit Association, whose chief executive Mike Laing says that, if nothing else, the investment the banks have made in CCR systems means they have no option but to press ahead."They are past the point of no return," Laing says.Last year, the government announced it would make the comprehensive system mandatory for the big banks. The new rules would require the Big Four to supply 50 per cent of their consumer credit information to credit reporting bodies within 90 days of 1 July 2018. And within 90 days of 1 July 2019 those banks would need to supply credit information on their remaining accounts.The bill, National Consumer Credit Protection Amendment (Mandatory Comprehensive Credit Reporting) Bill 2018, was passed in the House of Representatives in June last year and was introduced into the Senate, where it was still in the queue when the 45th Parliament was prorogued last week.ARCA reported last month that the proportion of consumer credit accounts in the CCR system was up to around 50 per cent and that commitments given by credit providers to supply comprehensive data during the course of this year would bring the proportion up to 80 per cent.Last September the big banks started sharing comprehensive credit card and personal loan account data. NAB is the only one to move on mortgages so far.Other credit providers participating in the comprehensive system include Citibank, HSBC Bank Australia, Latitude, Teachers Mutual Bank, MyState and Newcastle Permanent. A number of fintechs are also involved.Laing says CUA was the latest financial institution to join the CCR system, going live last month.Laing says: "We have heard nothing from the majors to indicate that their CCR programs will be halted or delayed. I am confident we will have 75 to 80 per cent of consumer credit accounts in the CCR system later this year.""It is not just that the big banks have already made a substantial investment in systems. ASIC is now expecting CCR data to be part of the way lenders manage responsible lending. "APRA is revising its credit risk management framework, APS 220, and in a discussion paper issued last month it makes reference to the role of CCR."