Federal Court declares debt collection agency misled consumers about debts owed to insurance company.

0 Comments | M2 Presswire, April, 2002

M2 PRESSWIRE-19 April 2002-ACCC: Federal Court declares debt collection agency misled consumers about debts owed to insurance company (C)1994-2002 M2 COMMUNICATIONS LTD RDATE:19042002 The Federal Court of Australia, Adelaide has declared that the debt collection agency, Waterman Collections Pty Ltd, engaged in misleading and deceptive conduct when attempting to recover debts on behalf of the insurance company NRMA (now known as Insurance Australia Group Ltd).

The NRMA was not involved in Watermans conduct. "This result sends a message to all debt collection agencies that unfair tactics and misleading conduct in the pursuit of their business will not be tolerated either by the court or the ACCC", ACCC Chairman, Professor Allan Fels, said today....