Illinois Collection Agency Act oversight transferred to the Division of Financial Institutions

Effective November 20, 2023, the Illinois Department of Financial and Professional Regulation has adopted provisions relating to the Illinois Collection Agency Act.

Under the Notice of Adopted Repealer, Public Act 102-975 transfers oversight of debt collection agencies from the Division of Professional Regulation to the Division of Financial Institutions.

As new regulations are expected to be introduced to align with agency standards, the Department proposes to repeal the previous regulations.

Redazione Credit Village

Credit Village is today the meeting and reference point - through its three areas, web, publishing, events - for professionals, managers, entrepreneurs and credit management operators. It was founded in 2002 with the aim of spreading the culture of Credit and Collection Management in Italy.

Credit Village is a leading company in the field of specialized publishing and event organization for the credit management industry and in all issues and aspects related to the NPE market, including ESG , M&A, Real Estate etc. Credit Village has been the first company in Italy to bring the culture of the credit management industry to the press, events and online, creating the largest community in the sector around itself.