and if adopted
What unites the Eiffel Tower, modern Internet startups, the election campaign of Barack Obama and the feature film “Iron Sky” The energetic civilization of the Sun? The idea of crowdfunding, or public co-financing, which was used to accumulate the necessary funds. This year, this new old way to attract finance is booming.
Crowdfunding comes from the English crowd funding, crowd – “crowd”, funding – “funding”. The idea is that anyone can chip in money for a particular project that aroused interest and a desire to participate in it financially with possible subsequent payment in the form of money, a share or a free unit of the product being produced.
Most organically, this idea is woven into the media business, whether it be music, cinema or other forms of mass cultural entertainment. And the maximum commercialization of this market, which makes it almost impossible for any creative character or product to go out into the world without the notorious connections and involvement in existing business configurations, has made the idea of crowdfunding megapopular. Continue reading
The bill on collection in Russia is subject to change. This initiative was made by the Prosecutor General, who has to process a shaft of complaints from citizens about illegal actions of collectors. According to the Prosecutor General, the sphere needs to be licensed instead of the previously planned creation of a self-regulatory institution.
The volume of overdue monetary obligations of citizens to banks reached 310.2 billion rubles. By July of this year, collectors had sold overdue debts worth more than 86 billion rubles. Over the past year, the cession market has grown by 30%. In 2011, we bought debts of 78.7 billion rubles, while in 2010 the total amount was 60.2 billion rubles.
A separate law that would govern the implementation of collection activities in Russia does not exist. So far, only the bill “On the collection of overdue debts”, which is being developed by the Ministry of Economic Development of the Russian Federation, is in force. However, he has not yet entered either the government or the State Duma. According to the latest edition, a self-regulatory organization should deal with the control of market participants. Continue reading
From January 1, the Federal Law “On the National Payment System” will enter into force. The document has claims from the banking community. The project involves obliging banks to return to the client funds withdrawn from a bank card without notice. Bankers predict an increase in fraud, experts expect a rise in the use of non-cash.
The bill “On the national payment system” was developed by the Ministry of Finance and the Bank of Russia in September 2009. The national payment system should become a competitor to the international payment systems Visa and MasterCard in Russia. It has been suggested that the national system could be created on the basis of the URPS, the United Russian Payment System, launched in 2005 by the Central Bank. However, it, like other Russian systems, still occupies too small market shares. In addition, during the readings from the bill, a fundamental point disappeared, obliging the largest operators of the Banking system of the payment system to create processing centers in Russia.
From January next year, the norms of the law “On the National Payment System” should also come into force, according to which banks will be required to return all funds on all disputed transactions to their customers’ cards within 24 hours. Continue reading