All posts tagged "Credit card"
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59Australia & 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 -
134Asia-PacificBank 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 -
567Market InfrastructureMAS to Expand Scope of Mandatory Reference Check Regime
MAS proposes to expand the scope of FIs and employees subject to the mandatory reference checking regime. FIs will have to maintain records for all employees.
May 17, 2021 -
268Capital RegulationICBC, Ping An Dispose of First Packages of Bad Personal Loans
Asset managers bought packages of bad personal loans from ICBC and Ping An Bank at auction under a new pilot programme.
March 8, 2021 -
271EnforcementFSC Penalises Citibank Taiwan Over Reporting Errors
The bank has been reporting credit data to the JCIC incorrectly since December 2010, potentially impacting the credit scores of certain customers.
February 5, 2021 -
161ChinaPBOC Removes Limits on Credit Card Rates – Report
The new policy is expected to benefit smaller card issuers and encourage competition from internet platforms and tech giants.
January 17, 2021 -
824Fintech / Regtech
Singapore E-wallets to Gain Direct Access to FAST, PayNow
Consumers will be able to top-up their e-wallets directly through their bank accounts, rather than using a debit or credit card. Fund transfers between e-wallets will also be made possible.
December 1, 2020 -
845Australia & NZCBA to Pay Penalty for Increasing Problem Gambler’s Credit Limit
ASIC launched civil proceedings against CBA in March alleging that the bank failed to take account of a notification by a customer that he was a problem gambler.
November 2, 2020 -
1.0KAsia-PacificBSP to Impose 24pc Ceiling on Credit Card Interest
Effective from 3 November, credit card issuers can charge a maximum 2% per month on unpaid outstanding credit card balances.
September 27, 2020 -
1.4KFintech / RegtechHKMA Directs Banks to Enhance Digital Lending Disclosures
Digital lending platforms have 12 months to enhance disclosures and transparency to ensure borrowers are made to understand the implications of their borrowing decisions.
September 7, 2020
