At LCollect we believe that knowledge is power. Every month our debt collection blog gives you practical tips, stories and news from around Australia and the world.
2017 again saw us publishing some interesting articles in the world of debt collection.
5. Legislative Amendments Passed by NSW Parliament
Our October 2017 article detailed the overall legislative changes that had been passed by NSW Parliament in September 2017 when it came to the legal enforcement of a debt in the Local Court of NSW.
4. Council Considers Home Repossessions
Bowen Council reported their attempts in which to recover $10 million in unpaid rates including commencing proceedings to seize properties.
3. ASIC Commenced Proceedings Against Credit Repair Business
In what appeared to be a trend in 2017 there were a number of proceedings commenced by ASIC against credit repair companies where false or misleading representations were made to consumers.
2. Equifax Acquires Veda for $2.5 Billion
In February 2017 we announced the deal between Equifax and Veda had been finalised after 5 years of negotiations.
1. Veda to Refund Customers After Privacy Rule Breach
Following on from our previous article we found that a series of complaints had been made by consumers where it was found that Veda had breached a series of privacy rules.
As always we are continually searching for new stories and compliance issues that matter to you. Let us know here what we are doing right, what we need to fix and what stories you would like to see in our future editions.