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The Fair Debt Collection Methods Act (FDCPA)– which came into force on March 1978, was created to stop abusive, misleading, and unfair debt collection practices. It also protects legitimate debt collectors from unfair competition and encourages the nation to take regular steps to safeguard customers...

The supreme court, in their latest judgment, has extended the SARFAESI act to cooperative banks. SARFAESI Act or Security securitization and reconstruction of financial assets and enforcement of security interest act, 2002, were earlier applicable to commercial banks only. This change adds some new advantages...

The financial sector is one of the pivots of any developing country. It is crucial to India too in accelerating the growth of its economy. The slow rate of recovery on defaulting loans and the extremely high levels of nonperforming assets of banks and financial institutions...