Minister Roban To Table Debt Collection Act

On November 9th, the Minister of Home Affairs Walter Roban will table the Bill entitled: ‘Debt Collection Act 2018’. The Bill provides a comprehensive licensing regulatory framework for those entities engaging in Debt Collection.

The Ministry said, “This Bill represents the first tranche of proposals to address the Government’s 2017 Throne Speech commitment to, ‘introduce regulations for debt collection agencies; regulate payday lenders who lend money at extraordinary interest rates; and bring banking, insurance and other financial service conduct under the umbrella of an updated Consumer Protection Act.’