The review is expected to have implications for the mortgage sector, as many borrowers who experience financial hardship may turn to debt management and credit repair services. Increased scrutiny and potential reforms could affect how mortgage brokers and lenders interact with clients who are seeking assistance with debt, as well as influence the advice and…
Dutch gambling regulator turns to debt collectors to chase €55m in unpaid fines from offshore operators Tribuna.com Read the original article here
ERROR: The request could not be satisfied The request could not be satisfied. Request blocked. We can’t connect to the server for this app or website at this time. There might be too much traffic or a configuration error. Try again later, or contact the app or website owner. If you provide content to customers…
The debt management and credit repair sector is being probed following concerns that some may be operating dishonestly or unfairly, potentially leaving financially vulnerable consumers in a worse position. The Australian Securities & Investments Commission (ASIC) has announced it is reviewing the debt management and credit repair sector following concerns that some may have failed…
Labor’s student debt relief is likely to sail through parliament despite a Greens push for Labor to end indexation of Hecs debts and wind up Coalition-era fee hikes for humanities courses. Labor’s legislation to lower Hecs debt levels by about 20% for about 3 million graduates will be the first government bill to be introduced…
ASIC targets credit “repairers” after customers left bankrupt The Chronicle | The Chronicle Read the original article here
Most gambling losses are from at-risk gamblers The Australia Institute Read the original article here
One of Australia’s financial watchdogs is cracking down on dodgy debt managers following a string of incidents targeting vulnerable customers, including one woman who was told to declare bankruptcy for no reason. The Australian Securities and Investments Commission (ASIC) announced today it is launching a review of the debt management and credit repair sector to…
ASIC will launch a review into the debt management and credit repair sector, as part of its continued focus on protecting consumers, particularly those experiencing financial hardship. ASIC Commissioner Alan Kirkland said: ‘We are concerned some licensees may be failing to engage in credit activities efficiently, honestly and fairly, leaving financially vulnerable consumers worse-off as…
ASIC targets credit “repairers” after customers left bankrupt The Advertiser Read the original article here