All posts tagged "predatory lending"
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320FeatureMalaysia Unveils Details of New Consumer Credit Act
A 'Consumer Credit Oversight Board' will be established as an independent authority to oversee all consumer credit activities including BNPL under a single umbrella.
August 5, 2022 -
283Australia & NZASIC Bans Excessive Fees Charged to Small Credit Customers
ASIC's orders prohibit the provision of short term credit and continuing credit contracts which involve unreasonably high fees charged to retail clients.
July 15, 2022 -
471Fintech / RegtechPhilippine SEC Welcomes New Measures to Combat Illegal Loan Apps
Starting 11 May, the Google Play Store will introduce a new screening process for personal loan apps targeting users in the Philippines.
April 15, 2022 -
389Australia & NZNew Zealand to Revise Responsible Lending Rules
The new rules, introduced in December, were designed to protect the vulnerable but are making it more difficult for borrowers to obtain loans.
March 16, 2022 -
431PhilippinesPhilippine SEC Implements Caps on Loan Rates, Fees
The caps were prescribed to curb predatory and abusive practices by lending and financing companies including on online platforms.
March 8, 2022 -
467Philippines
Philippine SEC Proposes Fee Cap Guidance for Lending Companies
The proposed guidance seeks to operationalise a BSP circular which was implemented earlier this year to curb predatory lending practices.
February 10, 2022 -
635Philippines
Philippines Caps Charges Allowed on Small Value Loans
The caps apply to the charges imposed on borrowers of small-value loans by lending firms, financing companies and online lending platforms.
January 10, 2022 -
274Asia-Pacific
Philippine SEC Threatens Online Lenders with Licence Revocation
The threat is aimed at lending and financing companies that have failed to register and disclose their online lending platforms.
June 30, 2021 -
302KoreaKorea Lowers Max Lending Rate, Introduces New Rules for Lenders
The FSC will introduce new monetary sanctions and strengthen supervision on loan agreements to prevent predatory lending.
April 7, 2021 -
1.3KAustralia & 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
