Big banks are increasingly scrutinising dealings with collection agencies, with NAB saying it stopped selling debt to two major money chasers after disputes about practices.
The cutback comes amid a spotlight being cast on the use of bankruptcy lawsuits by debt collectors, and with analysts at JP Morgan and Morgans saying funding for the sector is tightening.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
James Frost writes about banking, funds management and superannuation. Based in Melbourne, James has been reporting on specialist business and finance topics for 15 years. Connect with James on Twitter. Email James at james.frost@afr.com
