What legal protections are in place for consumers against aggressive debt collection practices in Dubai?
Dubai, like many other jurisdictions, has established legal protections for consumers to safeguard them against aggressive debt collection practices. Debt collection Dubai is governed by a set of regulations and guidelines designed to ensure fair and ethical practices. Here are some key points regarding legal protections for consumers in Dubai against aggressive debt collection practices: Dubai Financial Services Authority (DFSA): The DFSA regulates financial services in the Dubai International Financial Centre (DIFC) and plays a crucial role in overseeing debt collection practices within its jurisdiction. Debt collection agencies operating in DIFC are required to adhere to strict regulations, including the DIFC's Data Protection Law, which safeguards consumers' personal information. Central Bank of the UAE: The Central Bank of the United Arab Emirates (UAE) issues guidelines and regulations for banks and financial institutions operating in Dubai. These guidelines include ...