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
ASIC targets credit “repairers” after customers left bankrupt Herald Sun Read the original article here
Pakistan’s Deputy Prime Minister Ishaq Dar made a bold pitch at the United Nations, warning that only 35% of the global Sustainable Development Goals (SDGs) are on track, and the rest are sinking under the weight of debt, climate disasters, and inequality. At the High-Level Political Forum on Sustainable Development in New York, Dar urged…
The Australian government is set to follow through on its election promise to cut student debt, but critics say its real benefit will be far smaller than promised. In one of the first acts of the new parliament, a bill is expected to be tabled this week by the Labor government enacting the pledge, which…
As parliament returns for the first time since the federal election, the university sector will be front and centre with the government introducing its student debt relief legislation this week. The changes come as universities continue to face uncertainty amid a clamp down on international student numbers. Guest: Andrew Norton, Professor of Higher Education Policy,…
Ropes & Gray represented the initial purchasers in Apollo Debt Solutions BDC’s $400 million 144A bond offering due 2030. The transaction closed on July 17. Apollo Debt Solutions BDC is a regulated, non-listed business development company that provides individual investors access to investments targeted by the largest institutions. The team was led by capital markets…
Debt soon to be slashed for millions of Aussies News.com.au Read the original article here
Debt management can make it easier and cheaper to tackle your balances, but there are enrollment requirements that come with it. Getty Images Americans are carrying record levels of credit card debt right now, with the average cardholder owing about $8,000 in total. While carrying this type of debt is never ideal, especially at today’s…