All posts tagged "Loans"
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217Asia-PacificVietnam Banks Ordered to Control Loans Backed by Savings Book
The SBV says banks may not allow borrowers to use long term savings books as collateral for loans if they have no plans to use the capital.
September 20, 2019 -
296Australia & NZASIC Sues Regional Banks Over Unfair Loan Contracts
ASIC says the terms in Bank of Queensland and Bendigo and Adelaide Bank loan contracts could cause detriment to small businesses.
September 5, 2019 -
386Capital RegulationCBIRC Identifies Numerous Violations at Small and Mid-sized Banks
“In response ... all relevant regulatory agencies should take targeted prudential supervision measures … and carry out administrative punishment according to law,” the CBIRC said.
September 3, 2019 -
964Capital RegulationHKMA Allows Lenders to Expand Use of Tech in Retail Lending
The HKMA is allowing lenders to further develop business involving the use of innovative financial technology to assess and approve personal loan applications.
August 30, 2019 -
351Australia & NZNAB Faces Potential A$535 Penalty for Using Unlicensed Loan Referrers
ASIC has initiated federal court proceedings in relation to misconduct by 16 NAB bankers who accepted loan information and documentation from unlicensed introducers.
August 26, 2019 -
374ChinaCBIRC Fines WeBank $285m for Multiple Lending Violations
An inspection last year found that some employees at the digital bank used consumer loans to invest in stock and futures trading.
August 14, 2019 -
338Asia-PacificPhilippine SEC Proposes New Requirements for Online Lending Platforms
The SEC proposes new disclosure and reporting requirements for operators of online lending platforms, in response to inquiries from the public about their registration and legitimacy.
August 8, 2019 -
662Fintech / RegtechHKMA Reports on Open API Implementation Progress
Phase I Open APIs provide information on banking products and services. Phase II will allow banks to process applications for such products and services by end-October.
August 1, 2019 -
296Capital RegulationRBI Eases Rules on Overseas Borrowing for NBFCs
NBFCs can use overseas borrowings to fund working capital, repay rupee loans, and on-lend to domestic customers. Banks can also sell distressed loans to eligible overseas lenders.
August 1, 2019 -
563Capital RegulationNational Auditor Finds Lending Violations at Chinese Banks
Lenders were found to be favouring borrowers with deposits at their banks, linking loans to the sale of other products, and illegally charging financing fees.
June 28, 2019
