This is the fourth fraud risk warning issued by the CBIRC this year. Consumers are asked to remain vigilant and report fraud attempts.
June 20, 2022The proposed rules prohibit misleading sales, compulsory product bundling, unreasonable charges, and "algorithmic discrimination".
May 23, 2022Banks and financial institutions will have until the end of this year to improve their systems and policies to ensure compliance with the code.
March 9, 2022The UKSDEA promotes free flows of data between the UK and Singapore including in financial services. Both countries will work towards recognising each other's digital identity systems.
March 2, 2022The bank used credit card contracts to “force” customers to accept cross-selling, which infringes on consumers' right to fair transactions, the CBIRC said.
December 22, 2021The CBIRC identified issues with shareholder behaviour, related party transactions, risk management systems, and internal audit, among other areas.
November 16, 2021About half China's major Internet platforms have implemented plans to restructure their financial businesses. More progress is expected by year-end.
November 3, 2021Citi is asked to submit a detailed plan for how it will protect consumer rights as it exits its retail banking business in Korea.
November 1, 2021The FSC and FSS have ordered Kakao and Naver to alter or halt the sale of financial products online and register as brokerages by 24 September.
September 15, 2021The CBIRC said Mashang Consumer Finance violated product pricing rules, consumer rights, and fair trade regulations.
June 17, 2021