Category Archives: Regulatory News

Debt Collection Agencies Accused of Aggressive Tactics – Regulation Looms

Consumer Financial Protection Bureau (CFPB) plans to initiate federal supervision for collection agencies after receiving a massive number of complaints about their practices.  About 175 debt collection agencies that hold more than $10 million in annual collection receipts each, and … Continue reading

Posted in BIIA News, Debt Collection and Recovery, Regulatory News, United States, Users of Information | Tagged , | Leave a comment

Regulatory Overreach: Consumer Financial Protection Bureau Proposes to Examine Books of Collection Agencies and Consumer Credit Reporting Companies

The Consumer Financial Protection Bureau proposed a regulation that would let it examine the books of debt collectors and consumer reporting businesses as part of its program to supervise non-bank financial companies. The regulation, which must be finalized by July … Continue reading

Posted in Consumer Credit Information, Equifax, Experian, Member News, Regulatory News, TransUnion, United States | Tagged , , , , | Leave a comment

New Credit Ratings Database Launched by the EU Watchdog

The European Union’s markets watchdog launched a free online database for investors and the general public to compare credit ratings from rival agencies as part of wider efforts to increase transparency and competition. The European Securities and Markets Authority (ESMA) … Continue reading

Posted in European Union, Rating Services, Regulatory News, Uncategorized, Users of Information | Tagged , | Leave a comment

Financial Disclosure or Communication – A Necessity for Small and Midsize Companies

Financial disclosure and regular shareholder communication are requirements for large enterprises.  The customary glossy annual reports and quarterly statements give the impression that such practices are reserved for capital corporations only. Small, and in particular medium-sized companies generally believe that … Continue reading

Posted in Commercial Credit Information, Commercial Credit Reporting, Creditreform, Germany, Member News, Regulatory News, SME Access to Finance Issue, Uncategorized, Users of Information | Tagged , , | Leave a comment

Diversity in Credit Ratings and Opinions is Hard to Achieve

There is a European effort underway to reduce the high level of concentration in the credit rating industry.  This however is easier said than done.   The Chairman of DBRS (Canadian Bond Rating Agency) writes in a recent commentary to the … Continue reading

Posted in Canada, Dominion Bond Rating Services (DBRS), European Union, Rating Services, Regulatory News, United States | Leave a comment

Google and Wikipedia in Internet Boycott

For 24 hours starting from 5am GMT on Wednesday, Wikipedia blocked users from viewing or editing all of its English-language pages except for the Stop Online Piracy Act and Protect Intellectual Property Act, the bills it is protesting against. Google … Continue reading

Posted in Google, Regulatory News, United States, Wikipedia | Tagged | Leave a comment

PublicAffairsAsia on China: Most Companies are Under-Equipped to Deal with the Increasingly Complex Political, Regulatory and Stakeholder Landscape

PublicAffairsAsia and Edelman released “The New Realities: Public Affairs, Trade and China’s 12th Five Year Plan”, the latest White Paper in the Public Affairs Dialogue series. Following the 2011 Public Affairs Dialogue survey and roundtable, this impactful 16-page report examines the … Continue reading

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China: People’s Bank of China Governor Says China Should Cut Reliance on Foreign Ratings

China should reduce its reliance on overseas rating companies by encouraging large financial institutions to strengthen their research and make their own judgments, central bank Governor Zhou Xiaochuan said.   China is also considering establishing credit-rating companies backed by the government.  Zhou’s … Continue reading

Posted in People's Bank of China, Regulatory News | Tagged , | Leave a comment