All posts tagged "Credit card"
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565TaiwanFSC Taiwan Lowers Notification Threshold for Online Transactions
Banks have six months to update their system to reflect the new TWD 3,000 threshold that will trigger notifications that an online card transaction has taken place.
January 21, 2022 -
427ChinaCBIRC Targets Disorderly Expansion of Credit Card Market
Under new draft rules, banks are required to reduce interest and fee charges, prevent excessive credit usage, and better control credit risk in card operations.
January 3, 2022 -
177Australia & NZANZ Faces Class Action for Over Credit Card Interest Charges
The class action alleges ANZ contravened the ASIC Act by charging retrospective interest and interest on purchases that were paid off in a timely manner.
December 9, 2021 -
537Australia & NZACCC Approves NAB Acquisition of Citi Consumer Business
In its review, which focused on competition in the supply of credit cards, the ACCC found that the transaction "would not substantially lessen competition".
November 26, 2021 -
203KoreaFSC Korea to Launch New Initiative to Boost Microfinance
The new credit card-based microloan service seeks to expand opportunities for lower income earners without access to traditional credit finance channels.
October 27, 2021 -
397AML / KYCSingapore Authorities Warn of SMS Diversion Attacks
Malicious actors gained access to the systems of overseas telecom operators to divert SMS OTPs and authenticate fraudulent card transactions.
September 16, 2021 -
329Asia-PacificBOT Announces Measures to Incentivise Debt Restructuring
The incentive scheme involves a relaxation of capital reserve requirements through flexible implementation of classification and provisioning guidelines.
August 24, 2021 -
173Australia & NZNAB Enters Agreement to Acquire Citigroup Consumer Business
Subject to regulatory approvals from the Treasury, APRA and the ACCC, the acquisition is expected to be complete by March 2022.
August 11, 2021 -
179Australia & NZASIC Proposes Updates to Modernise ePayments Code
ASIC proposes to add flexibility to the code to allow it to tailor data requests based on priorities and issues of concern.
May 26, 2021 -
247Asia-Pacific
Bank of Thailand Unveils Third Phase of Debt Relief
The third phase of debt relief measures covers unsecured credit card and personal loans, auto hire-purchase loans, car title loans and mortgages.
May 19, 2021
