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Ontario Proposing Changes to Payday Loans, Debt Collection

Ontario Proposing Changes to Payday Loans, Debt Collection

Province Introducing Legislation to Strengthen Consumer Financial Protection December 9, 2015 9:35 A.M.   Ontario will introduce legislation to increase protections for consumers who use high-cost alternative financial services, such as payday loans, instalment loans, rent-to-own services and cheque-cashing services, and to better protect those with debts in collection. If passed, the Alternative Financial Services Statute Law Amendment Act would......
EUREGEX demands to give every EU citizen a unique identity!

EUREGEX demands to give every EU citizen a unique identity!

We demand to give every EU citizen an unique identity, a European personal identification, the “European Personal Identifier (EUPERSID)”.     Please discuss the advantages and disadvantages of such an “unique identifier” with us. Subscribe our appeal and open letter to the European legislature and give us your statement.   Here is our preliminary Design: „Dear European Parliament, honourable Commission, Europe......

USA:FTC Imposes $4 Million Penalty Against Debt Collector

Court order prohibits defendants from continuing alleged deceptive practices and collecting debts and unnecessary fees. The penalty will be partially suspended for inability to pay in exchange for surrendered assets. A Houston-based debt collection company and its president have agreed to follow a federal court order prohibiting them from allegedly deceptive tactics they have been using to collect debts and unnecessary fees......

Ireland: Consumer debt judgments fell by 35% in April

Ireland: Consumer debt judgments fell by 35% in April The courts awarded 331 bad debt judgments worth almost €19.3m against individuals and companies in April this year. The majority of these judgments were against consumers (226 judgments worth €14.6m). However, when compared to April 2013, this represents a drop of 35% on the number of judgments awarded (521) and a......

USA: Auto Lender Will Pay $5.5 Million to Settle FTC Collection Charges

Auto Lender Will Pay $5.5 Million to Settle FTC Collection Charges The Federal Trade Commission charged the company with collecting money consumers did not owe, harassment and disclosing debts to third parties. A national subprime auto lender will pay more than $5.5 million to settle Federal Trade Commission charges that the company used illegal tactics to service and collect consumers’......

USA: FTC Permanently Shuts Down Debt Collection Business

FTC Permanently Shuts Down Debt Collection Business At the request of the Federal Trade Commission, a U.S. district court has closed the Texas-based company after it allegedly used deception, insults, and false threats against consumers. The operation also charged unauthorized fees and the owner will surrender his assets. The owner of a Houston-based debt collection operation that the Federal Trade......