Purchase / Collection of Anti-Social Forces

Overview

Following the enforcement of the amended Deposit Insurance Act in October 2011, RCC was granted the function of purchasing and collecting "Specified Hard-to-Collect Claims" in order to sever relationships between financial institutions and anti-social forces and thereby contribute to the stabilization of the overall financial system through ensuring the soundness of financial institutions and facilitating the smooth operation of their business.

Specified Hard-to-Collect Claims refer to claims such as loans to anti-social forces that are difficult for private-sector financial institutions, including banks and shinkin banks, to manage and collect. RCC makes use of the expertise and know-how it has accumulated over the years and, in cooperation and coordination with the Deposit Insurance Corporation of Japan and the police authorities, carries out the strict management and collection of such claims.

In addition, based on the "Promotion of Efforts to Sever Relationships with Anti-Social Forces" published by the Financial Services Agency in December 2013, RCC began in March 2014 to purchase claims related to anti-social forces held by finance companies, money lenders, credit card companies, servicers, guarantee companies, insurance companies, and other entities that are not covered by the purchase system for Specified Hard-to-Collect Claims, by utilizing RCC's servicer functions. RCC also conducts the strict management and collection of the claims it purchases under this framework.

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