Equipping professional accountants for sustainability
The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
READ MOREHardship rules on credit reporting to impact small businesses
Banks would face penalties of up to $100,000 for failing to tell a credit reporting agency when a consumer had a financial hardship arrangement in place if draft laws for mandatory comprehensive credit reporting are implemented.
If passed the legislation would likely impact both consumers and small business owners as credit information would flow more freely between banks and reporting agencies.
Read more at the SMH.
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