Government Legislation for Debt Management Companies

The Minister for Finance Michael Noonan has received Cabinet clearance for new legislation which will impose stricter standards on debt managers….

The Minister for Finance Michael Noonan has received Cabinet clearance for new legislation which will impose stricter standards on debt managers.

Welcoming this decision John Hurley , Operations Director of Fiach Financial Limited says “Legitimate Credit Management Companies will welcome this decision.  We, at Fiach, have long advocated for regulation in this area.  Credit Management and Debt Recovery are a vital tool in ensuring companies continue to achieve cash-flow in the restricted credit environment we work in today”

 

http://www.independent.ie/business/irish/noonan-gets-cabinet-support-to-regulate-debtcollection-firms-3304942.html