Industry to fund additional financial counselling services – Department of Social Services Ministers

21 November 2023 The Albanese Labor Government is partnering with industry stakeholders and the financial counselling sector to implement an innovative industry funding model to ensure increased access to financial counselling services for Australians. Under the new Industry Funding Model for Financial Counselling, the Government has secured agreement for three-year funding commitments from industry, totalling…

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StepChange Debt Charity Chooses FICO Platform to Help Assess People in Problem Debt – Yahoo Finance

Greater system flexibility and microservices architecture means hyper-personalized recommendations for people in UK needing debt advice LONDON, November 20, 2023–(BUSINESS WIRE)–Global analytics software leader FICO today announced that StepChange, the UKs leading debt advice charity, will use FICO Platform to help assess people in problem debt. StepChange will use the flexibility and hyper-personalisation of the…

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Sidley Advises Sunac China Holdings Limited in its US$10.2 Billion … – Sidley Austin LLP

Sidley represented Sunac China Holdings Limited (Sunac) in the restructuring of its US$10.2 billion offshore debt. Sunac and its subsidiaries are principally engaged in the property development and property investment business in the Peoples Republic of China, with leading capabilities in Chinese real estate, cultural tourism, urban development, and integrated industrial operations. The complex transaction…

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GAO: Ed. Dept.'s Failed Debt Relief Program Lacked Fraud Risk … – MeriTalk

The Government Accountability Office (GAO) is calling out the Education Department for its failure to implement processes to detect and prevent fraud in its student debt relief program that launched in October 2022.  The Biden administrations student loan debt relief program was slated to provide up to $20,000 in relief to borrowers who had incomes…

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Markets/Coverages: McGill and Partners Launches Coverage for … – Insurance Journal

Article 0 Comments McGill and Partners, the London-based boutique specialist re/insurance broker, has launched SAIFElimits, a coverage solution for corporate insolvency. The scheme is designed to be incorporated into any primary directors and officers (D&O) policy and is triggered automatically by an insolvency event. This extension allows protection to remain in place for directors and…

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Recovery rate from personal guarantors to rise after SC decision: CareEdge – Business Standard

The recovery rate from personal guarantors under the Insolvency Bankruptcy Code (IBC), which currently stands at 5.22 per cent, is likely to rise post the Supreme Courts ruling affirming the constitutionality of the IBC provisions regarding Personal Guarantors Insolvency Resolution, said a report by CareEdge Ratings. The Supreme Court upheld the constitutionality of IBC provisions…

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