We noted with interest your committeeвЂ™s inquiry in to the effectiveness of credit rating legislation and I have always been composing to your committee to present understanding of just how great britain regulatory authorities could study from other jurisdictions that run efficient and economical regulatory regimes.
This page covers three areas:
1. Global perspectives regarding the NAO report in to the OFTвЂ™s legislation on credit rating.
2. Launching rules for managing credit rating.
3. Effective enforcement of guidelines.
1. Overseas perspectives regarding the NAO report in to the OFTвЂ™s legislation on credit rating
My business, Veritec offers an information system that permits regulators to effortlessly enforce legislation of payday, home as well as other temporary customer financing. Veritec has over ten years experience that isвЂ™ of with US regulators in 14 various states, addressing 88 million consumers. As well as its operate in america, we now have additionally advised the Provincial Governments of Ontario and British Columbia in Canada, and also the government of Australia. Our experience has permitted us to create an unrivalled shop of unfiltered data documenting borrowing within the high expense credit market. It has permitted us to present empirical proof to governments to make certain their policies are fit for function. Continue reading “Public Accounts Committee Written proof from Veritec Systems”