We noted with interest your committeeвЂ™s inquiry in to the effectiveness of credit rating legislation and I also have always been composing to your committee to produce understanding of exactly how the united kingdom regulatory authorities could study from other jurisdictions that run efficient and economical regulatory regimes.
This page covers three areas:
1. Global perspectives from the NAO report to the OFTвЂ™s regulation on credit rating.
2. Launching rules for managing credit.
3. Effective enforcement of rules.
1. Overseas perspectives regarding the NAO report into the OFTвЂ™s legislation on credit
My business, Veritec provides an information system that allows regulators to effortlessly enforce legislation of payday, doorstep along with other short-term customer financing. Veritec has over ten years experience that isвЂ™ of with US regulators in 14 various states, addressing 88 million customers. Along with its work with the usa, we now have additionally advised the Provincial Governments of Ontario and British Columbia in Canada, while the authorities of Australia. Our experience has permitted us to construct an unrivalled shop of unfiltered data documenting borrowing within the cost credit market that is high. Read More