All posts tagged "Credit card"
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150AML / 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 -
154Asia-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 -
124Australia & 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 -
114Australia & 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 -
205Asia-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 -
817Market 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 -
295Capital 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 -
315EnforcementFSC 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 -
188ChinaPBOC 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 -
845Fintech / 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
