The popular car sharing company, Uber is being sued by a former driver on violations of the Fair Credit Reporting Act in the US. Uber only recently updated its policy on employee background checks. The complainant claims he was rejected by Uber after the company had run his profile through a consumer credit report check.…
All major banks in the UAE have decided against using credit reports from Al Ethihad Credit Bureau due to confusion over liability of inaccurate data. The credit bureau was established to strengthen the banking system in the UAE, but the Chairman of the UAE Bank Federation has said the reports will not be used until…
The Al Ethihad Credit Bureau, has started issuing Credit Reports in the UAE for Dh110. Financial institutions and residents can have access to these credit reports which have a data accuracy rating of 99.5% which is above the international standard of credit data quality and accuracy. Read More.. Source: The National Business – Mahmoud Kassem…
The Australian Tax Office (ATO) has come under fire from a union official for expressing interest in sourcing private debt collection agencies. The ATO is seeking to reduce Commonwealth debts, strategies to prevent future debts and deliver services nation wide. The union official has been quoted saying these private collection companies will not be covered…
It is a common trait for creditors eg.financial instituions to hire third parties to collect debts. The rapid growth of the debt collection industry has caused several issues due to lack of guidelines on the procedures and ethics. The Financial Consumer Protection Centre in Thailand has received numerous complaints of unethical and illegal debt collection…
