Australian Mercantile Collections

How Australia Zoo business coped after the Crocodile Hunter Steve Irwin’s shock death

Jul 5, 2024 – 5.00am Gift this article New Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? Login My drive to meet the American-born leader of a world-famous Australian entertainment family goes past a tired-looking motel, small industrial buildings and forests […]

Creditor Cooperation Agreements Are Getting Longer

Welcome to The Brink. It’s Reshmi Basu andIrene Garcia Perez in New York and Giulia Morpurgo in London, where we looked at the growth in creditor cooperation agreements on both sides of the Atlantic. We also have the latest on Thames Water, Kelvion and Sri Lanka. Follow this link to subscribe. Send us feedback and […]

Whittington gunman went to collect drug debt, court told

A Whittington drug debt collection spiralled out of control when a tattooed criminal shot a man in the neck over $25,000, as a judge has sought clarity around the shooter’s mental state. Mitchell Jay Dow, 30, appeared in the County Court on Thursday and pleaded guilty to attempted armed robbery, making a threat to kill, […]

Consumer Financial Protection Bureau Releases Summer 2024 Supervi

Latest CFPB Supervisory Highlights Focus on Transparency in Debt Collection Practices On July 2, the CFPB released its Summer 2024 Supervisory Highlights, which focused on the servicing and collection of consumer debt. The report shared key findings from recent supervisory examinations of auto and student loan servicing companies and debt collectors. In addition, the report highlighted […]

Should Bonza ever have been allowed to fly?

Plenty of aviation experts thought Bonza was doomed from the start but the airline still received the regulator’s go-ahead, and that’s raised questions about the need for scrutiny of start-ups. Australian low-cost airline Bonza appears to have collapsed. More than 300 staff have been stood down while customers were issued a warning from the low-cost […]

Debt Collection Agency Harassment of U.S. Troops Up 24% Quarter Over Quarter

New York, NY – July 2, 2024 — Debt collection agency harassment complaints by U.S. military service members rose sharply last quarter, potentially undermining national security interests, according to an independent analysis of data from the Consumer Financial Protection Bureau (CFPB) by BadCredit.org, a website that informs and educates consumers on the latest credit fraud […]

Indonesia’s government debt rises significantly on monthly, yearly basis | INSIDER

Indonesia’s government debt has continued to increase significantly on both a monthly and yearly basis, primarily driven by the issuance of government securities (SBN), especially domestic SBN. The Ministry of Finance reported that as of May 2024, the government debt position reached Rp8,353.02 trillion (about US$511 billion). This figure is up Rp565 trillion from May […]

Korea to provide W25tr support for debt-laden small business owners in H2

The South Korean government has unveiled a set of economic measures for the second half, focusing on helping small business owners grappling with debt as the economy continues to show uneven recovery. President Yoon Suk Yeol introduced a 25 trillion won ($18 billion) support package for small business owners and the self-employed burdened by loans, […]