New household loans issued to pay for jeonse deposits in Q4 2021 will not count toward the government’s 6 percent loan growth target for the year.
October 18, 2021Lower income borrowers can access interest exemptions for three months, smaller loan instalments for up to 24 months, and lower interest rates.
October 15, 2021FSC chairman Koh Seung-beom said the process of reversing the buildup of household debt will "take time and be uncomfortable".
September 30, 2021Providers of debt management services including debt negotiation or credit repair services must obtain a credit licence to continue operating.
July 8, 2021The platform will be set up and operated by Vietnam Asset Management Company, the government’s debt management arm.
July 8, 2021Underinvestment in data and technology systems creates operational risks, delays in picking up problems, and costly remediation programmes, says ASIC commissioner Sean Hughes.
November 16, 2020From 1 September, SMEs can seek debt restructuring services, financial education and advisory from the Credit Counselling and Debt Management Agency, known as the AKPK.
August 20, 2020NAB says it wants to ensure vulnerable customers are appropriately and professionally supported, either directly by the bank or an accredited representative of their choice.
August 3, 2020