ASIC has warned debt management firms, who are now require to hold an ACL, that it is closely monitoring compliance with new laws and will take action when necessary. From 1 July 2021, debt management service providers (including firms offering debt negotiation or credit repair services) are regulated under the National Consumer Credit Protection Act…
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. If you have high-interest debt, like…
The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas DUBAI, July 6 (Reuters) – Oman has asked the International Monetary Fund to provide technical assistance to help the country develop a medium-term debt strategy and strengthen its fiscal framework, the IMF said. The Gulf…
By XIMENA BUSTILLO 07/06/2021 10:00 AM EDT Editors Note: Weekly Agriculture is a weekly version of POLITICO Pros daily Agriculture policy newsletter, Morning Agriculture. POLITICO Pro is a policy intelligence platform that combines the news you need with tools you can use to take action on the days biggest stories. Act on the news with…
From 1 July 2021, providers of debt management services (including firms offering debt negotiation or credit repair services) are regulated under the National Consumer Credit Protection Act 2009 (National Credit Act). This means providers of these services must: hold a credit licence with an authorisation that covers those services (or act as a representative of…
Breadcrumb Trail Links Personal Finance Columnists Credit debt has decreased in Canada, but thats little comfort if youre struggling with your own bills. Heres how to get back on track. Author of the article: Scott Hannah File photo of a Mastercard credit card. Photo by Reuters Article content Q: My partner and I were looking…
You need to make sure that debt consolidation makes financial sense for you. Debt consolidation can be a good way to take control of your finances. One of the advantages of debt consolidation is that you’ll simplify the process of becoming debt free. You will have only one loan to pay instead of having multiple…
Debt management companies, long the bane of consumer groups and financial counsellors, face a new world of regulation as the new financial year starts. Providers of debt management services must now hold an Australian credit licence and meet ongoing compliance obligations. As ACLs, they will have to become members of the Australian Financial Complaints Authority.…
A woman receives the AstraZeneca/Oxford vaccine under the COVAX scheme against the coronavirus disease (COVID-19) at the Eka Kotebe General Hospital in Addis Ababa, Ethiopia March 13, 2021. REUTERS/Tiksa Negeri WASHINGTON, June 30 (Reuters) – The G20 major economies should revitalize a freeze in official bilateral debt payments by the poorest countries to include middle…
* Sudan’s debt burden unusually large * Country stuck in deep economic crisis * Government struggling to finance imports * Prime minister hails ‘big day’ (Recasts with $2.5 billion in new funding) By Nafisa Eltahir, Karin Strohecker and David Lawder June 29 (Reuters) – Sudan received approval from the International Monetary Fund on Tuesday for…