All posts tagged "Lending"
-
231Australia & NZASIC Wins Appeal Against Payday Lenders Cigno, BHF Solutions
ASIC is now considering using its broader product intervention powers to address consumer detriment in continuing credit contracts.
July 1, 2022 -
549Fintech / RegtechHKMA to Prepare Roadmap for Promoting Key Fintech Areas
HKMA will formulate a detailed roadmap of initiatives to further promote Investech, Wealthtech, Insurtech and Greentech, as well as artificial intelligence and DLT.
June 24, 2022 -
354KoreaKorea Post Offices to Start Offering Simple Banking Services
Korea’s post offices will start offering deposit, withdrawal, balance inquiry and ATM services of four banks - Kookmin, Shinhan, Woori and KEB Hana.
June 22, 2022 -
325Capital / LiquidityFSC Korea Unveils Plans for Loosening Household Loan Rules
Most debtors will still be subject to income-based restraints. A refinancing programme will allow borrowers to convert variable-rate mortgages to long-term fixed-rate mortgages.
June 21, 2022 -
389Capital / LiquidityHKMA Seeks Bank Feedback on Lower Lending Rate Caps
Proposed amendments would lower the interest rate cap from 60 to 48 percent p.a., and the so-called 'extortionate' rate from 48 to 36 percent p.a.
June 20, 2022 -
295Capital / LiquidityRBI Doubles Lending Limits for Cooperative Banks
The higher lending caps are intended to account for rising housing prices and customer needs, the RBI said.
June 20, 2022 -
581Big Picture‘Substantial Changes” Needed to Fully Reap Benefits of DeFi: BIS
A new BIS bulletin highlights a growing trend in DeFi to rely on forms of centralisation, and a need for it to ultimately fall within the regulatory umbrella.
June 20, 2022 -
364Australia & NZNew Zealand: Responsible Lending Rules to Change on 7 July
Responsible lending laws introduced in December have been blamed for causing tighter credit conditions for New Zealand borrowers.
June 17, 2022 -
340Australia & NZAPRA Finalises Framework for Limiting Risky Mortgage Lending
Lenders must ensure they are operationally ready by September to implement loan limits based on DTI multiples or LTV ratios.
June 15, 2022 -
363Asia-PacificBangladesh Bank Introduces New Facility to Finance Microloans
Under the refinancing scheme, banks will be able to use central bank funds to provide low-cost small loans to individual customers.
June 9, 2022
