Credit-repair service providers have been falsely telling customers they can change the information in the PBOC's credit reporting system and delete records relating to overdue debts from credit reports.
February 24, 2022The State Council is seeking to establish a cross-regional intellectual property transaction service platform, which would enable technology companies to pledge their IP for financing.
December 10, 2021Providers of debt management services including debt negotiation or credit repair services must obtain a credit licence to continue operating.
July 8, 2021Firms providing debt management services need to apply to ASIC for a credit licence and become a member of AFCA by 30 June 2021.
May 10, 2021Underinvestment in data and technology systems creates operational risks, delays in picking up problems, and costly remediation programmes, says ASIC commissioner Sean Hughes.
November 16, 2020NAB says it wants to ensure vulnerable customers are appropriately and professionally supported, either directly by the bank or an accredited representative of their choice.
August 3, 2020