Time to regulate commercial debt firms

THE collapse of Home Payments Ltd highlighted the urgent need to regulate commercial fee-charging debt management firms.

Time to regulate commercial debt firms
Mon, 03 Oct, 2011 - 01:00
Bill Hobbs

Highly controversial, these firms sell products called debt-management plans to distressed, vulnerable consumers.

Like Home Payments, they act as payment service agents when handling and distributing people’s money to their creditors.

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