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Feb 18th
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Government operationalises central registry to check frauds in loan cases

The government on Thursday operationalised central registry to prevent frauds in loan cases involving multiple lending from different banks on the same immovable property.

Initially transactions relating to securitisation and reconstruction of financial assets and those relating to mortgage by deposit of title deeds to secure any loan or advances granted by banks and financial institutions would be registered in the central registry, the finance ministry said in a statement on Thursday.


New Collection Bill By Washington State House

A bill that has passed the Washington State House would require collection agencies to clearly identify the original creditor when attempting to get payments on past due ...

Draconian Home loan laws

If you default on three instalments consecutively, you will have to pay the entire loan amount within 60 days. If you fail, your house will be attached by the bank.


Proposed Microfinance Bill Give more power to RBI

The proposed microfinance Bill for governing India’s Rs. 22,000 crore microlending industry is set to give more power to the Reserve Bank of India (RBI) to regulate large...

US Federal Reserve amends Card Rules

The US Federal Reserve approved a rule that would require creditcard issuers to consider consumers' individual incomes before extending credit. Credit-card applications g...

It's tough being a guarantor

It has serious implications, and being relieved midway is not easy.

Few years before, Nitin Bhalla had stood a guarantor for his friend’s home loan. Now, he wants to opt o...

State Attorney General Propose new debt collection regulations

State Attorney General Martha Coakley to propose new debt collection regulations for her state. Maybe it was Elizabeth Warren’s call for state attorneys general to help t...

Fresh look at debt management

The debt management office needs to function with equal participation by the governments at Centre and State as well as the RBI but with independent goals and objectives....

SARFAESI Act, 2002/Debt Recovery Tribunal – important points to be noted

The object of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 is to regulate Securitisation and Reconstruction of...
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