All posts tagged "consumer credit"
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208ChinaUPDATED – PBOC Says Ant Group Working to Overhaul Business Structure
Ant Group is drawing up a timetable to fold its financial operations into a holding company, under the guidance of regulators.
January 19, 2021 -
111ChinaCBIRC Sets Out New Rating System for Consumer Credit Sector
Consumer finance firms with the lowest ratings will be ordered to submit to a merger, acquisition, reorganisation, or to withdraw from the market.
January 17, 2021 -
290China
Chinese Regulators to Force Ant, Tencent to Share Borrower Data
Ant Group affiliate Alibaba and Tencent have so far been resistant to sharing their loan data with credit databases such as Baihang.
January 15, 2021 -
231Australia & NZAPRA Proposes Potential Changes to Credit Risk Management Standard
Amendments, including an earlier implementation date, will be necessary if the government’s proposed consumer credit reforms are passed as legislation.
December 9, 2020 -
971Australia & NZAustralia Prepares to Abolish Responsible Lending Obligations
Lenders will no longer have to assess borrowers' earnings and expenses to determine whether they can afford to repay their debt without hardship.
September 28, 2020 -
712FeatureS. Korea Unveils Details of New Consumer Credit Bill
The bill obliges lenders to offer debt restructuring plans to delinquent borrowers if such a request is made, and places restrictions on the use of debt collection agencies.
September 14, 2020 -
656Fintech / RegtechFSC Korea Outlines Key Policy Tasks for H2 2020
The measures include continued support for businesses and individuals, with some focus being diverted back to pre-Covid policy work to support innovation and data-driven initiatives.
June 15, 2020 -
495Korea
FSC Korea Plans New Legislation to Protect Delinquent Debtors
The bill is aimed at helping delinquent debtors get back on their feet by limiting debt collection activities and requiring lenders to offer restructuring opportunities.
March 4, 2020 -
485Capital RegulationRBI Lowers Risk Weight for Consumer Loans
The move will reduce the amount of capital banks need to set aside as provisioning for consumer loans, effectively reducing the cost of lending.
September 17, 2019 -
821Capital Regulation
RBI Cuts Consumer Credit Risk Weight, Offers Boost to NBFCs
The RBI will increase bank exposure limits for NBFCs, allow on-lending to priority sectors, and enable near-real-time tracking of payments fraud through the creation of a centralised registry.
August 9, 2019
