New Credit Card and Unsecured Credit Rules and Improvements on Lending Practices of Financial Institutions Implemented in Phases From December 1, 2013.

Authors :: Mok, Francis
Tiah, Karen
Source :: Journal of International Banking Law & Regulation; 2014, Vol. 29 Issue 4, pN-35-N-36, 2p
Publication Year :: 2014
Abstract: The article focuses on the proposed changes made to the rules regarding the lending practices of financial institutions (FIs) and credit cards by the Monetary Authority of Singapore (MAS). Topics include amendments to the Banking Act of Singapore, the disclosure practices of FIs, and lending rules governing unsecured loans.

Subjects :: FINANCIAL institutions
BANKING laws
BANKING industry
LOAN laws
DISCLOSURE laws

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