ASIC is now considering using its broader product intervention powers to address consumer detriment in continuing credit contracts.
July 1, 2022HKMA will formulate a detailed roadmap of initiatives to further promote Investech, Wealthtech, Insurtech and Greentech, as well as artificial intelligence and DLT.
June 24, 2022Korea’s post offices will start offering deposit, withdrawal, balance inquiry and ATM services of four banks - Kookmin, Shinhan, Woori and KEB Hana.
June 22, 2022Most 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, 2022Proposed 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, 2022The higher lending caps are intended to account for rising housing prices and customer needs, the RBI said.
June 20, 2022A 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, 2022Responsible lending laws introduced in December have been blamed for causing tighter credit conditions for New Zealand borrowers.
June 17, 2022Lenders must ensure they are operationally ready by September to implement loan limits based on DTI multiples or LTV ratios.
June 15, 2022Under the refinancing scheme, banks will be able to use central bank funds to provide low-cost small loans to individual customers.
June 9, 2022