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Credit Bureau - The most powerful debt collector in Singapore
There is a well connected person who secured exclusive arrangements with Association of Banks Singapore to manage the credit ratings of our businesses, instead of an government, quasi-government or industry-linked entity.
He went on to control the most powerful debt collection company in Singapore by threatening to ruin SME's credit ratings although some debts are in dispute. Imagine the debt collector is also the judge. https://www.sccb.sg/
It is also quite untouchable, MAS FIDReC only handles consumers' complaints about such abuses, SMEs need to hire lawyers if they want to file an unjust case again them.