An IEEFA study has found “no direct relationship” between ESG credit scores and credit ratings, due to ratings providers still “evaluating companies the traditional way”.
March 16, 2023Credit card revolving services charge high interest rates, lead to poor credit scores for consumers, and raise the risk of delinquency.
September 1, 2022The FSC chairman has clarified that the plan is not intended to help those who have lost money on stock and crypto investments funded by cheap loans.
July 24, 2022Under a new mechanism, consenting parties can submit personal credit score data to the JCIC, which will encrypt the data and securely share it with qualified P2P lenders.
February 4, 2022The rules require credit rating agencies to strengthen their methodologies and systems, improve corporate governance, and avoid conflicts of interest.
August 8, 2021With the final approval, Toss Bank will officially launch as early as September, making it the third internet-only bank in the country.
June 10, 2021Internet-only banks will expand lending to mid to low credit borrowers to at least 30 percent of total lending by end-2023.
May 30, 2021Banks will be advised to boost mid-range interest rate lending to borrowers with low to moderate credit scores, among other measures.
April 28, 2021The FSC will introduce new monetary sanctions and strengthen supervision on loan agreements to prevent predatory lending.
April 7, 2021The bank has been reporting credit data to the JCIC incorrectly since December 2010, potentially impacting the credit scores of certain customers.
February 5, 2021