CEU Electronic Theses and Dissertations, 2016
| Author | Cherkasheninova, Margarita Sergeevna |
|---|---|
| Title | The regulation of debt collection agencies in the US: lessons for Kazakhstan |
| Summary | Debt collection agencies play an important role in the economy of Kazakhstan helping banks in their need to collect debts in delinquency to ensure proper cash flow. However, there is a tension from the side of consumers, because, as reports show, some collectors use abusive conduct to collect debts. This happens allegedly because there is no regulation of the debt collection industry in Kazakhstan and collectors are free and tempted to use opportunistic methods in their work, because their payment depends on the collected amount. Unlike Kazakhstan, in the US the debt collection industry is regulated at federal, state and local levels. There is also a comprehensive self-regulatory mechanism based on soft law tools, thus ensuring proper functioning of the collection industry and providing different protection avenues for consumers. Thesis provides a comprehensive analysis of both the US experience and the current debt collection situation in Kazakhstan with an aim to infer what Kazakhstan can learn from the US to resolve the problem with debt collection activities. The major finding of the research suggests that the diverse US experience could be a model of an efficient regulatory scheme to be adopted in some parts and applied to Kazakh debt collection industry. |
| Supervisor | Tajti, Tibor |
| Department | Legal Studies LLM |
| Full text | https://www.etd.ceu.edu/2016/cherkasheninova_marg.pdf |
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