Financial hardship will be a key area of focus over the next year. ASIC will conduct a review of large home lenders to understand their approaches in this area.
August 31, 2023The RBI said penal charges in loan accounts should be used to promote credit discipline and not as a "revenue enhancement tool".
August 21, 2023The CBSL cut the SRR from four percent to two percent to free up liquidity and support an expansion of credit flows to the economy.
August 11, 2023Two separate consultations are being released, one on general responsible lending practices and the other on appropriate lending to small businesses.
August 3, 2023Fed governor Michelle Bowman said there is "insufficient evidence" that the benefits produced by the proposals would justify the costs.
July 28, 2023Michael Barr said the proposed changes would not be fully effective for "some years" because of the rulemaking process and the transition period provided.
July 11, 2023"This action is taken in response to the implementational challenges experienced by these financial institutions," the RBI said.
July 9, 2023New law will prevent lawyers from advising Russian companies in international money lending and trade deals.
June 30, 2023Charges filed under new consumer protection law which in May 2022 explicitly outlawed the harassment and humiliation of borrowers.
June 22, 2023The central bank attributed the tighter credit controls to the increasing number of individuals taking out mortgages for second homes.
June 17, 2023