Regulatory Alerts2018-02-26
Amendments Proposed to the Regulation on Interest Rates Charged by Financial Companies for Delinquent Borrowers
The Financial Services Commission proposed amendments to the Regulation on Interest Rates Charged by Financial Companies for Delinquent Borrowers. These changes enhance borrower protection by clarifying and limiting the interest rates financial institutions may apply to overdue accounts. The proposal complements parallel regulatory updates to the Banking Act and the Financial Investment Services and Capital Markets Act.
Amendments Proposed to the Regulation on Interest Rates Charged by Financial Companies for Delinquent Borrowers
Date
2018-02-26
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Amendments Proposed to the Regulation on Interest Rates Charged by Financial Companies for Delinquent Borrowers_.pdf (fileSize: 157KB)
The Financial Services Commission proposed amendments to the Regulation on Interest Rates Charged by Financial Companies for Delinquent Borrowers for enhanced borrower protection.
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Amendments Proposed to the Banking Act
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Amendments Proposed to the Enforcement Decree of the Financial Investment Services and Capital Markets Act
Department/Division in charge of Information management
Department/Division In charge
International Affairs Department(Financial Hub Korea) International Cooperation Team
Phone Number
+82-2-3145-7895