New law aims to increase competition by allowing non-bank entities to enter credit card business; includes greater safeguards for borrowers related to calculation of charges, unfair collection practices, and the use of customer data.

To continue reading...

Sign in

Password *

Remember me

Lost your password?

Get access

Get access immediately by purchasing a 12 month subscription, or register today to get access to a free 5-article trial:

Register Subscribe

To discuss subscription options with our team please email: [email protected]

Share via:

• More

Related:BSP, consumer protection, Credit cards, Governance, Privacy, Risk Management, Transparency

Recommended for you

• 
  BigTechs in Finance Needs More Comprehensive Regulatory Approach
• 
  BSP Updates VASP Rules to Align with FATF Requirements
• 
  OECD Paper Identifies Regulatory Issues in Asset Tokenisation