Posts Tagged Banking Supervisory
Draft Revealed For Regulation on Consumer Loans

Draft Revealed For Regulation on Consumer Loans

The burning question has been how the Banking Supervisory would regulate the consumer loans with some tightening tools. Yesterday, the draft for new regulations were revealed on consumer loans and credit cards with the intention of slowing general purpose lending.

Some expected restrictions are listed below:

No layaway while purchasing food and gas, Length of layaway plans limited to 6 months while purchasing electronics, jewellery, Length of layaway plans limited to 12 months while purchasing white goods, furnitures, New restrictions for...

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