Why some money-lending banks have been shut down as the enforcement exercise intensifies – FG March 12, 2022 The federal government has explained why its agencies are shutting down some illegal online banks as they step up their crackdown on unlicensed online…
FG plans to shut down money lending businesses for breach December 28, 2021 Some lending companies will soon be shut down by the Federal Competition and Consumer Protection Commission According to the federal government agency, the actions…
FCCPC says joint committee will shut down money lending businesses as part of enforcement campaign December 26, 2021 The Federal Competition and Consumer Protection Commission (FCCPC) has declared that the joint committee set up by the federal government to combat the violation…
Money Lending: Committee to Shut Down Businesses amid Law Enforcement Campaign -FCCPC December 26, 2021 Mr. Babatunde Irukera, Director General of FCCPC The Federal Competition and Consumer Protection Commission (FCCPC) has said that the joint committee tasked with combating…
Committee to close businesses as part of an enforcement campaign – FCCPC December 26, 2021 Posted December 26, 2021 The joint committee for combating consumer rights violations in the money-lending industry will shut down illegal businesses as soon as…
FCCPC Says Joint Committee Has Started Investigating Money Lending Fintechs – Nairametrics November 30, 2021 The Federal Competition and Consumer Protection Commission (FCCPC) says the joint regulatory and enforcement committee to investigate rights violations and unfair practices in the…
Predatory Money Lending in Nigeria: Examining the Threat of Usurious Lending to Data Privacy Concerns – Privacy November 19, 2021 Nigeria: Predatory Money Lending in Nigeria: Examining the Threat of Usurious Lending to Data Privacy Concerns November 19, 2021 Kenna Partners To print this…
FCCPC to investigate illegal practices and violation of rights in the money lending industry – Nairametrics November 16, 2021 The federal government has decided to control some of the illegal, unhealthy and unfair practices in the money lending industry. The government has decided,…
Money lending: CBN, EFCC, FCCPC and others to fight “lending sharks” November 15, 2021 The Federal Competition and Consumer Protection Commission (FCCPC), the Central Bank of Nigeria (CBN) and the Economic Financial Crimes Commission (EFCC) have launched an…
NITDA and FCCPC to Penalize Money Lending Fintechs for Abuse of Customer Data Privacy November 12, 2021 The National Information Technology Development Agency (NITDA) has entered into a strategic partnership with the Federal Competition and Consumer Protection Commission (FCCPC) to combat…
Singapore Money Lending Law and How Lenders Comply With It September 16, 2021 If you are strapped for cash and need cash quickly to deal with a personal or business emergency, you can turn to a private…
Scottish Illegal Money Lending Unit expands network to crack down on loan sharks August 16, 2021 The Scottish Illegal Money Lending Unit (SIMLU) has launched a new dedicated advice site to support Scots who are struggling to deal with loan…
‘Loan shark’ detained in raid suspected of illegal money lending and money laundering July 21, 2021 A suspected loan shark has been arrested after a morning raid in Toxteth by a national illegal money lending squad. The man, 64, was…
Two suspected Huddersfield loan sharks arrested in illegal money lending operation June 29, 2021 A 45-year-old woman and a 47-year-old man were arrested today (Tuesday) on suspicion of illegal money lending and money laundering offenses, following an operation…
Hamilton poverty fighters target ‘predatory’ quick fix money loans March 22, 2021 “Soul crushing.” This is how Mike Lawson describes what it feels like to be caught in a vicious circle of debt by taking out…
Online Money Lending: PIL Seeks Madras High Court Order To Stop Google From Hosting Instant Money Lending Applications | India News January 7, 2021 Chennai: A Public Interest Litigation (PIL) filed in the Madurai Bench of the Madras High Court requested that an opinion be issued to the…
PIL in Madras High Court calls for a ban on instant money lending applications without an RBI license, India News News January 7, 2021 The Madurai Bench of the Madras High Court has ordered a notice to central, state, Google, RBI, and other governments regarding the wave of…
Hyderabad police block bank accounts December 24, 2020 As part of a recent development of the online money lending scam, police have frozen 75 bank accounts. These accounts contained a total of…
Andhra Pradesh CM Orders Strict Measures Against Online Money Lending Applications December 23, 2020 Andhra Pradesh Chief Minister YS Jagan Mohan Reddy has ordered authorities to take strict action against online money lending applications. Andhra Pradesh Chief Minister…
Cyberabad police stop interstate online money lending racket and arrest 6 December 22, 2020 Cyberabad Police in Hyderabad busted an online money lending racket in several states on Tuesday. Six people were arrested in Hyderabad for operating the…
Harassed by online money-lending apps, three young people end their lives in Telangana and Andhra Pradesh December 18, 2020 Hyderabad: Two young women and a man were tortured by online money lending apps in Telangana and Andhra Pradesh. Money lenders humiliated these borrowers…
Bullied online by money lending app company, Chennai man commits suicide – the New Indian Express November 25, 2020 Express news service CHENNAI: On the one hand, the pandemic has pushed many members of the working middle class to the brink of economic…
How to Acquire a Money Lending License in Nigeria – Technology August 12, 2020 Nigeria: Procedure for acquiring a money lending license in Nigeria Aug 12, 2020 Legal Pavers To print this article, simply register or connect to…
Sri Lanka considers more regulations for legal leasing after illegal money lending activity July 9, 2020 ECONOMYNEXT – A committee that examined Sri Lanka’s regulated leasing industry and money lenders who use similar rules have recommended more regulations, including price…
Shivraj Singh Chouhan warns against unlicensed money lending law July 3, 2020 Chief Minister of Madhya Pradesh Shivraj Singh Chouhan said on Friday that a law would be enacted to prevent money lenders from operating unlicensed…
Nigeria Money Lending License Procedure – Finance and Banking June 11, 2020 Nigeria: Nigeria Money Loan License Procedure June 11, 2020 Law firm in resolution To print this article, simply register or connect to Mondaq.com. introduction…
Money lending in Hong Kong – Pitfalls for lenders and protections for borrowers February 17, 2020 As of December 31, 2019, there were over 2,300 approved lenders in Hong Kong. Approved lenders, outside the banking system, are an alternative source…
How are the changes affecting hard money lending? July 11, 2019 As the chairman of a private asset-based lender, I am often asked if increasing interest rates at the federal level will affect the rates…
Lending hard money hurts house overturning June 13, 2019 The volume of lending to domestic palms soared last year to around $ 20 billion (Photo credit: iStock) The number of “hard money” lenders…
14 wealthy loan sharks arrested by Thai police as threat of money lending and debt remains big issue February 10, 2019 The arrest on Friday in Bangkok of 14 loan sharks lending money at a daily interest rate of up to 20% is a reminder…
RCE Capital Funds Fintech money lending in Singapore January 23, 2019 Malaysia-based finance company RCE Capital has injected millions into Singapore’s fintech company, which could compete with banks’ personal loan facilities. RCE Capital has taken…
Money lending from rich Punjabi farmers widens wealth gap in countryside-Business News, Firstpost April 18, 2018 A large part of the farmers in Punjab borrow from large farmers as it does not involve any paperwork required when applying for a…
HFC Bank to Release Those Caught in Money Lending Cycle January 23, 2016 The government and in particular Finance Minister Aiyaz Sayed-Khaiyum have consistently highlighted the vicious circle of money lending in which many Fijians are caught….
Money loan racketeering exposed July 1, 2011 By Julius Businge Bank of Uganda to introduce consumer protection mechanism What would make you borrow 500,000 Shs from a money lender at an…
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