S. Korea FSS Gets Tough on High Interest Lending at Savings Banks By Manesh Samtani, Regulation Asia Published on 2nd August 2018 Over 850,000 borrowers are paying over 25% interest on loans at savings banks; FSS vows to protect consumers by boosting monitoring and inspection efforts and by publicly naming lenders charging excessively.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:Audits, consumer protection, Credit Ratings, FSS, household loans, Interest Rates, Lending, OK Savings Bank, savings banks Recommended for you Korea FSS to Order Banks to Compensate Lime Fund Investors RBI Proposes New Regulatory Approach to Contain NBFC Risks RBA Report Contradicts Official Stance on Responsible Lending Laws