The Government of Ontario has issued a consultation paper, seeking input with respect to regulations it proposes to make under the Collection and Debt Settlement Services Act (the "Act"). This regulations are part of the Government's ongoing reforms to legislation governing debt collection, which began with amendments to the Act effected by Bill 59, the Putting Consumers First Act (Consumer Protection Statute Law Amendment), 2017. Financial institutions may wish to make submissions in response to the consultation paper, as the regulations will affect the manner in which they can collect on debts. Comments are due by September 8, 2017.
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