All posts tagged "predatory lending"
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877Australia & NZUnderinvestment in Data, Tech a Root Cause of Breaches: ASIC
Underinvestment in data and technology systems creates operational risks, delays in picking up problems, and costly remediation programmes, says ASIC commissioner Sean Hughes.
November 16, 2020 -
1.5KAustralia & NZ
ASIC Four-year Plan Targets Misconduct, Innovation
In its four year corporate plan, ASIC says it will target misconduct and consumer harm, while also promoting fintech, regtech and suptech innovation.
September 2, 2020 -
337EnforcementS. Korea to Crack Down on Predatory Lending
South Korea is introducing a cross-agency task force to monitor for illegal loan sharking activities and an alert system to detect predatory loan advertisements.
June 25, 2020 -
390Australia & NZNew Zealand Passes Bill to End Predatory Lending
Effective from April 2021, the bill will cap the interest and fees on loans at 100% of the loan amount and introduce a 0.8% per day rate cap for high-cost loans.
December 18, 2019 -
279Asia-PacificSri Lanka to Introduce Legislation to Regulate Moneylenders
Moneylenders do not currently fall under any licensing or regulatory regime in Sri Lanka unless they accept deposits.
December 11, 2019 -
361Asia-PacificPhilippines Mulls Imposing Limits on Lending Rates, Fees
The BSP is considering placing limits on the interest rates and other fees lenders and finance companies can charge borrowers in response to a request from the SEC.
October 30, 2019
