Regulatory Alerts2016-01-01
Circular No. 193/2016: New Credit Reporting System
The Palestine Monetary Authority issued Circular No. 193/2016 to implement a new credit reporting system that enhances transparency and protects financial consumers by granting citizens the right to access and dispute their credit data through lending institution branches. To prepare for the official launch, all lending institutions operating in Palestine must nominate a qualified staff member to participate in a dedicated system testing workshop and subsequent training. Institutions are required to submit the proposed employee's name to the Authority within three working days of the circular's issuance.
Share