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BORROWER PROTECTION LEGISLATION
The billionaire shakedown: How India changed its 'default' settingsIndia's decade-old Insolvency and Bankruptcy Code has revolutionized corporate finance, ending a 'defaulter's paradise' and recovering tril...- Social Security benefit cap proposal warning: will this new limit quietly cut how much retirees receive annually?Social Security benefits cap proposal 2026 is reshaping retirement talks in the US. A key warning shows a $230 billion annual shortfall in ...
- Up to 15% of your paycheck gone? Government can take it without court — here’s whyStudent loan wage garnishment: Federal student loan defaults can lead to direct wage garnishment without court action, allowing up to 15% o...
- Why tax refunds could shrink for millions of Americans as debt collection resumes in JanuaryTax refund garnishment: Millions of Americans with defaulted federal student loans face a significant change. Starting January 2026, the go...
- White House to cancel Student debt for millions of borrowers under income-driven repayment plansMillions of student loan borrowers will soon see their debt forgiven. The Trump administration has agreed to restart and speed up loan canc...
- Will amend law to rein in microfinance companies: Karnataka CM SiddaramaiahKarnataka Chief Minister Siddaramaiah has announced the state's decision to amend existing money lending laws and introduce new legislation...
- Assam govt tables legislation to exclude entities regulated by RBI from ambit of Assam Micro finance institution ActThe Assam government has introduced legislation to exclude entities regulated by the Reserve Bank of India (RBI) from the Assam Microfinanc...
- Britain sets out legislation to regulate buy-now-pay-later creditBNPL companies are largely unregulated and typically offer on-the-spot interest-free short-term loans that spread payments for retail goods...
- Government will waive loans taken by poor women: Himanta Biswa SarmaOpposition Congress has promised waiver of loans taken from MFIs if the party is voted to power in Assam in the upcoming assembly polls. As...
- Assam govt to waiving loan taken by women from micro finance institutionMFI lending in poll-bound Assam has become an election issue, while BJP led government brought set of regulations to regulate the MFIs, opp...
- Microfinance lending an election issue in Assam, Congress promises complete waiver of loan if voted to powerMicrofinance institutions (MFI) lending in poll-bound Assam has become an election issue, while BJP led government brought set of regulatio...
- Assam government tables bill to regulate MFIs, protect and relieve the economically vulnerable groups and individualsThe bill stipulates that lenders shall ensure that a borrower who has existing loans from not more than two lenders and the current cumulat...
- NDTV probe: Private banks fear debt resolution may be hitMultinational banks in India have been able to clean up their balance sheet the fastest as they have taken large haircuts in loans that wer...
- DCPCR lays down guidelines to prevent child abuseDelhi Commission for Protection of Child Rights has formulated guidelines for prevention of child abuse in the country.
- RBI-constituted panel proposes new law to make banks more accountable to customersA team of senior bankers, set up by the Reserve Bank of India, has recommended a new law that will make banks more accountable and give gre...
- FDIC head says US needs better lending standardsThe head of the Federal Deposit Insurance Corp said on Monday that the US needs better lending standards to avoid a recurrence of the 2008 ...
- Legal framework needed to protect lenders and defaultersWith a high default rate of over 10%, recovery agents are here to stay. What's needed is a legal framework to protect both lenders and defa...
- By default, it’s a tough betWith a high default rate of over 10%, recovery agents are here to stay. What’s needed is a legal framework to protect both lenders and defa...
- Govt making draft legislation on micro finance regulationsThe Government on Monday said it is in the process of preparing draft legislation on regulating micro finance institutions and expressed ho...
- Report on lender liability skirts borrower rightsThis will further spoil the party for defaulting corporates. The report on “lenders liability” has refrained from suggesting a new law that...
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