All posts tagged "credit reporting"
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196ChinaChina: Regulatory Crackdown on Internet Platforms Not Yet Complete
About half China's major Internet platforms have implemented plans to restructure their financial businesses. More progress is expected by year-end.
November 3, 2021 -
178ChinaPBOC Finalises Rules for Credit Reporting Businesses
The rules say the collection of credit information should “not be excessive" and subject to consent and information security requirements. Cross-border use is allowed.
October 7, 2021 -
227ChinaAnt Group’s Huabei Starts Reporting Credit Data to PBOC Database
The data-sharing arrangement is part of the rectification measures ordered by financial regulators to break Ant Group's “information monopoly” over data collection.
September 24, 2021 -
207China
China Sets Timelines for Fintechs to Complete Restructuring
The affected fintechs have until end-2021 to restructure their financial services businesses, and until end-2022 to clean up their credit reporting businesses.
July 21, 2021 -
199China
PBOC Directs Banks to Enhance Lending Services for MSMEs
Banks should also increase investment in inclusive fintech including big data, cloud computing and blockchain to improve loan efficiency, the PBOC said.
July 13, 2021 -
352FeatureMAS Issues Consultation Response on Credit Reporting Regulations
Licensed credit bureaus will be required to establish a Code of Conduct and comply with requirements on technology risk management and cyber security.
June 1, 2021 -
481ChinaChina Regulators Order Tech Firms to Rectify Violations
Thirteen tech firms including Tencent, ByteDance and Baidu’s fintech arm are directed to correct regulatory violations in their financial services businesses.
May 2, 2021 -
443China
Regulators Order Ant Group to Establish Financial Holding Company
Ant Group will have to accept greater regulatory supervision, improve its corporate governance, and separate some of its businesses.
April 13, 2021 -
233Australia & NZAustralia Passes Mandatory Comprehensive Credit Reporting Bill
Banks will have to report expanded information about the credit history of their customers to credit agencies, paving the way for more competition in the lending market.
February 8, 2021 -
292China
PBOC to Enhance Data Protection Rules in Credit Reporting Industry
The PBOC is looking to address inadequate protection of customer data in the credit reporting industry, explicitly prohibiting the abuse of personal and corporate credit information.
January 14, 2021
