Eugene F. Collins News

Consumer Protection (Regulation of Credit Servicing Firms) Act 2018

Posted on 4 February 2019

The Consumer Protection (Regulation of Credit Servicing Firms) Act 2018 (“2018 Act”) is now in force, effective since 21 January 2019. The effect of the 2018 Act is to extend the provisions of the Consumer Protection (Regulation of Credit Servicing Firms) Act 2015 (“2015 Act”) in the protection of borrowers who borrowed from a regulated lender but whose loans were subsequently acquired by unregulated entities.

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